DBC Barrington Acquires Multifamily Property In Hampton, VA For $9.25M

A multifamily property located at 607 Michigan Drive in Hampton, Virginia has been sold in a closed transaction. The property consists of 136 units and was sold for a price of $9,250,000, resulting in a per unit price of $68,015. The transaction took place on November 17, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,250,000
• Units: 136
• Price Per Unit: $68,015

Ari Azarbarzin, Clark Simpson, and Erik Conradi from Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the buyer, DBC Barrington, in the transaction. The seller in this deal was Outlier Realty. The brokers involved in the transaction were Ari Azarbarzin, Clark Simpson, and Erik Conradi from Cushman & Wakefield | Thalhimer’s Capital Markets Group.