HFO Investment Real Estate Facilitates $7.2M Sale Of 56-Unit Apartment Complex In Salem

The property involved in this transaction is a multi-family asset located at 1702 Madras Street Southeast in Salem, OR. The sale was finalized for $7,200,000, encompassing the Battle Creek Lodges, which consists of 56 residential units. The transaction represents a significant exchange in the multifamily market of Salem.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,200,000
• Address: 1702 Madras Street Southeast
• Market: Salem, OR
• Asset Size: 56 units

Greg Frick and Adam Smith, affiliated with HFO Investment Real Estate, were the brokers who facilitated the entire transaction, representing both parties involved in the sale of the apartment complex.