Lakeland Capital Acquires 18-Unit Multifamily In Richmond For $3.3M

The multifamily property located at 1140 West Grace Street in Richmond, VA has been sold. The transaction was completed on 07/26/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 18
• Price per Unit: $183,333
• Address: 1140 West Grace Street, Richmond, VA
• Market: Richmond, VA

Lakeland Capital, LLC purchased the property from Boatwright Investments, LLC. The sale price for the multifamily property was $3,300,000, with a total of 18 units. Each unit was priced at approximately $183,333.

The transaction was facilitated by the brokerage team from Colliers, which included Garrison Gore, Charles Wentworth, G.S. Hankins, and Victoria Pickett. They represented both the buyer, Lakeland Capital, LLC, and the seller, Boatwright Investments, LLC.