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1701 Irondale Road
SOLD

Matt Frazier Buys Summit At Bon Air Apartments From Dwight Kay For $53.3M

1701 Irondale Road

MultiFamily
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Summary

Sale
VIRGINIA
MultiFamily
0 sqft

The Summit at Bon Air Apartments, located at 1701 Irondale Road in Richmond, VA, was sold in a multifamily property transaction. The property consists of 296 units, with the buyer, Matt Frazier of Jones Street Investment Partners, acquiring it from the seller, Dwight Kay of Delaware Statutory Trust, for a total sale price of $53,300,000. The price per unit (PPU) was calculated at $180,068.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $53,300,000
  • Units: 296
  • Buyer: Matt Frazier - Jones Street Investment Partners
  • Seller: Dwight Kay - Delaware Statutory Trust
  • Address: 1701 Irondale Road
  • Market: Richmond, VA

Matt Frazier from Jones Street Investment Partners took the initiative to purchase the Summit at Bon Air Apartments in Bon Air, Virginia, showcasing a significant investment in the multifamily property sector. On the other hand, Dwight Kay, representing Delaware Statutory Trust, facilitated the sale of the property, marking a successful transaction between both parties.

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Details

Deal Summary
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SOLD
IMAGE: Matt Frazier & Dwight Kay DATE: 02/08/2024 ADDRESS: 1701 Irondale Road MARKET: Richmond, VA ASSET TYPE: Multifamily BUYER: Matt Frazier - Jones Street Investment Partners SELLER: Dwight Kay - Delaware Statutory Trust SALE PRICE: $53,300,000 UNITS: 296 ~ PPU: $180,068 NOTE: Jones Street Investment Partners purchased the Summit at Bon Air Apartments in Bon Air, Virginia, for $53.3 million, at a rate of $180,068 per unit.

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Address1701 Irondale Road

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