Multifamily Property Stonehenge Sold For $52M In Lebanon TN With Institutional Property Advisors

The transaction involved the sale of a multifamily property located at 2645 Tennessee Highway 109 in Lebanon, TN. The asset encompasses 13 acres and comprises 228 units, with a price per unit calculated at $228,070. The total sale price for the property was $52,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,000,000
• Address: 2645 Tennessee Highway 109
• Market: Lebanon, TN
• Acres: 13
• Units: 228
• Price Per Unit: $228,070
• Brokers: Drew Garza & Will Balthrope - Institutional Property Advisors
• Mortgage Brokers: Brian Eisendrath, Cameron Chalfante & Jake Vitta - Institutional Property Advisors

Institutional Property Advisors played a key role in facilitating both the sale and financing of the property, known as Stonehenge, which is situated in an area experiencing rapid growth.