Vinit Nagda Of BridgeGaps Real Estate Acquires Spartanburg Multifamily For $53 Million

The property involved in this transaction is a multifamily asset located at 225 Milliken Street in Spartanburg, SC. This asset consists of 297 units and was sold for $53 million, which equates to a price per unit of $178,451.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Units: 297
• Price Per Unit: $178,451
• Buyer: Vinit Nagda - BridgeGaps Real Estate
• Brokers: David Lansbury, Erika Maston & Jim Sewell - Berkadia
• Market: Spartanburg, SC

Berkadia facilitated the sale of the property known as The Lively Drayton Mills, bringing together the buyer and the seller in this transaction. The brokers involved in this deal played a significant role in successfully closing the transaction.