Greystar Purchases 34.2 Acres At Ulmanor Farm In Fredericksburg For $27 Million

3430 Fall Hill Ave in Fredericksburg, VA, is a development site covering 34.2 acres that was sold for $27,000,000. The buyer, Greystar, has plans to develop a master-planned community featuring 365 multifamily units across four buildings.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $27,000,000
• Address: 3430 Fall Hill Ave
• Market: Fredericksburg, VA
• Acres: 34.2
• Buyer: Greystar
• Broker Representatives: Larry Agnew & Andrew Thacker - S.L. Nusbaum Realty Co.

The transaction reflects the involvement of brokers Larry Agnew and Andrew Thacker, who represented Greystar in the deal for the property located at Ulmanor Farm. Their role was crucial in facilitating the acquisition of this significant development site.