AC Capital LLC Acquires Multifamily Portfolio In Lynchburg, Virginia For $4.1M

A multifamily property transaction took place in Lynchburg, Virginia, involving four properties. The properties include 200 Cleveland Avenue, 3710 Fort Avenue, 681 Leesville Road, and 1609 McVeigh Road. The sale was facilitated by Clay Taylor, Jorge Rosa, and Anthony "TJ" Liberto from Cushman & Wakefield. AC Capital LLC purchased the properties from LP Apartments, LLC for a total price of $4,100,000. The transaction consisted of 55 units, with a price per unit (PPU) of $74,545.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,100,000
• Units: 55
• PPU: $74,545

The buyers, AC Capital LLC, acquired the properties from the sellers, LP Apartments, LLC. Clay Taylor, Jorge Rosa, and Anthony "TJ" Liberto represented the parties involved in the transaction as brokers from Cushman & Wakefield.