SOLD
DBC Barrington Acquires Multifamily Property In Hampton, VA For $9.25M
607 Michigan Drive
MultiFamily
410,771 SF
410,771 SF
Summary
Sale
VIRGINIA
MultiFamily
410,771 sqft
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.
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4
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3
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1
Details
SOLD
IMAGE: Clark Simpson, Ari Azarbarzin & Erik Conradi
DATE: 11/17/2021
ADDRESS: 607 Michigan Drive
MARKET: Hampton, Virginia
ASSET TYPE: Multifamily
BUYER: DBC Barrington
SELLER: Outlier Realty
BROKERS: Ari Azarbarzin, Clark Simpson & Erik Conradi - Cushman & Wakefield | Thalhimer’s Capital Markets Group
SALE PRICE: $9,250,000
UNITS: 136 ~ PPU: $68,015View on map
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Address607 Michigan Drive
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