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

Property Image
SOLD
$28,400,000

South Carolina

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MultiFamily213,900 SF
Sold 10/19/2023
the dealdetailscomps
Property Image
SOLD

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

300 Bellamy Avenue

See Similar Deals
MultiFamily213,900 SF
Sold 10/19/2023
the dealdetailscomps

Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$132
Total Square Footage:213,900 SF
Transaction Type:Sale

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.

Players

C
Cyprus
SELLER

Details

SOLD
IMAGE: Marc Schofel, Zach Schofel & Larry Bank DATE: 10/19/2023 ADDRESS: 300 Bellamy Avenue MARKET: Myrtle Beach MSA ASSET TYPE: Multifamily BUYER: Zach Schofel (@TheZachSchofel) & Marc Schofel (@MSchofel) - Eastman Residential; & Larry Bank - Matador Capital Management SELLER: Mallory & Evans SALE PRICE: $28,400,000 UNITS: 150 ~ PPU: $189,333 SF: 213,900 ~ PPSF: $133

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