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Broughton Drive Owner LLC Acquires Multifamily Property In Beverly, MA For $72.7M

201 Broughton Drive⁠
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This MultiFamily property located in MA was sold for $72,700,000 over 3 years ago. The brokers of the deal were John McLaughlin, Biria St. John, and Simon Butler

Located in Beverly, MA, the multifamily property at 201 Broughton Drive has been sold in a recent transaction. The sale took place on 12/21/2020, and the property was acquired by Broughton Drive Owner LLC. It was sold by PhilMor Real Estate Investments and Taurus Investment Holdings. The sale price for this transaction amounted to $72,700,000, with a total of 204 units. This equates to a price per unit of $356,373.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $72,700,000
  • Address: 201 Broughton Drive, Beverly, MA
  • Market: Beverly, MA
  • Seller: PhilMor Real Estate Investments & Taurus Investment Holdings
  • Buyer: Broughton Drive Owner LLC
  • Brokers: Simon Butler, Biria St. John, & John McLaughlin - CBRE
  • Units: 204
  • Price per Unit: $356,373

The deal was facilitated by CBRE's brokers Simon Butler, Biria St. John, and John McLaughlin. They represented both the seller, PhilMor Real Estate Investments & Taurus Investment Holdings, and the buyer, Broughton Drive Owner LLC. Their expertise helped bring the transaction to fruition, and their involvement showcases their proficiency in the real estate market.

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Deals
  • Location
    201 Broughton Drive, Beverly, MA, USA201 Broughton Drive, Beverly, MA, USA
  • Sale Price
    $72,700,000$72,700,000
    $318 PPSF$318 PPSF
  • Area
    228,295 SF228,295 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Simon Butler

Simon Butler

Deals21
Sold$1.5B

John McLaughlin

John McLaughlin

Deals18
Sold$1.3B

Biria St. John

Biria St. John

Deals20
Sold$1.4B

Agency

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

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Deal Summary

SALE⁠ IMAGE: Simon Butler, Biria St. John, & John McLaughlin⁠ DATE: 12/21/2020⁠ ADDRESS: 201 Broughton Drive⁠ MARKET: Beverly, MA⁠ ASSET TYPE: Multifamily⁠ ⁠ SELLER: PhilMor Real Estate Investments & Taurus Investment Holdings⁠ BUYER: Broughton Drive Owner LLC⁠ BROKERS: Simon Butler, Biria St. John, & John McLaughlin - CBRE⁠ ⁠ SALE PRICE: $72,700,000⁠ UNITS: 204 ~ PPU: $356,373⁠

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201 Broughton Drive⁠

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