Matt Frazier Acquires Summit At Bon Air From Louis Rogers For $53.2M

The Summit at Bon Air, a multifamily community located at 1701 Irondale Road in North Chesterfield, VA, has been sold for $53.2 million. The property consists of 296 units, with a price per unit of $179,730. The transaction took place on January 30, 2024, with Jones Street Investments Partners acquiring the property from Capital Square.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,200,000
• Units: 296
• Price Per Unit: $179,730
• Address: 1701 Irondale Road
• Market: North Chesterfield, VA
• Buyer: Matt Frazier - Jones Street Investments Partners
• Seller: Louis Rogers - Capital Square

Matt Frazier represented Jones Street Investments Partners in the acquisition of the Summit at Bon Air, while Louis Rogers represented Capital Square in the sale of the multifamily community.