Eastman Residential And Matador Capital Management Acquire Multifamily Property In Myrtle Beach MSA For $28.4M

The multifamily property located at 300 Bellamy Avenue in Myrtle Beach MSA has been sold in a recent transaction. The property comprises 150 units, with a price per unit of $189,333, resulting in a total sale price of $28,400,000. The total square footage of the property is 213,900, with a price per square foot of $133.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,400,000
• Property Address: 300 Bellamy Avenue
• Market: Myrtle Beach MSA
• Number of Units: 150
• Price per Unit: $189,333
• Total Square Footage: 213,900
• Price per Square Foot: $133

The buyers of the property are Zach Schofel and Marc Schofel from Eastman Residential, along with Larry Bank from Matador Capital Management. The sellers of the property are Mallory & Evans.