Toney Properties LLC Purchases 20-Unit Multifamily Property In Redmond For $4.3M

A 20-unit multifamily property located at 2002 Southwest Canyon Drive in Redmond, OR, was sold for $4,300,000. The asset spans 29,600 square feet and is situated on 1.4 acres, establishing a price per unit of $215,000 and a price per square foot of $145.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Address: 2002 Southwest Canyon Drive
• Market: Redmond, OR
• Units: 20
• Square Footage: 29,600
• Acres: 1.4
• Price Per Unit: $215,000
• Price Per Square Foot: $145
• Seller: HLM Inc.
• Buyer: Toney Properties LLC
• Seller’s Broker: Adam Bledsoe - TOK Commercial
• Seller’s Broker: Dan Kempka - Compass
• Buyer’s Broker: Dan Kempka - Compass

This transaction involved Toney Properties LLC purchasing the property, with both brokers, Adam Bledsoe and Dan Kempka, facilitating the sale on behalf of HLM Inc. Kempka also represented Toney Properties LLC in the transaction.