Berkeley Investments Inc. Acquires Multifamily Properties In Lawrence, MA For $95M
240 Canal Street & 270 Canal Street
MultiFamily
335,954 SF
335,954 SF
Sold 1 year ago
Summary
The multifamily property located at 240 Canal Street and 270 Canal Street in Lawrence, MA was sold in a recent transaction. The property consists of 425 units and was sold for a total price of $95,000,000, resulting in a per unit price of $223,529. The sale took place on 03/22/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Units: 425
- Price Per Unit: $223,529
- Seller: SMC Washington Mills Apartments Limited Partnership & SMC Washington Mills Apartments II Limited Partnership
- Buyer: Berkeley Investments Inc.
- Brokers: Jennifer Athas & Matt Olson - Berkadia
Jennifer Athas and Matt Olson from Berkadia represented the buyer, Berkeley Investments Inc., in the transaction. They played a key role in facilitating the sale of the multifamily property located in Lawrence, MA.
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240 Canal Street & 270 Canal Street
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