Adam Chez Of Charis Capital Acquires Sweetbriar Apartments In Lexington For $5.6M

The transaction involved the sale of a multifamily asset known as Sweetbriar Apartments, located at 200 Libby Lane in Lexington, South Carolina. The property comprises 48 units and was built in 1988, featuring a garden-style design. The sale price for the property was $5,600,000, equating to a price per unit of $116,667.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,600,000
• Units: 48
• Price Per Unit: $116,667
• Buyer: Adam Chez - Charis Capital
• Seller: Mark Stuckey - InterMark Management Corp.
• Brokers: Dane Lozier, Ron Corrao, Eric Liebich, Matthew Weinstein & Scott Fuller - Northmarq
• Market: Lexington, SC

Northmarq acted on behalf of the seller, InterMark Management Corp., in negotiating the sale of the multifamily community. This transaction highlights the involvement of multiple brokers representing Northmarq, showcasing the collaborative effort in facilitating the deal.