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Security Properties Acquires Bend Multifamily Property For $49.5M

1855 Northeast Lotus Drive
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This MultiFamily property located in OR was sold for $49,500,000 over 1 year ago. The broker of the deal was Nick Santangelo

Security Properties has completed the acquisition of a multifamily property located at 1855 NE Lotus Dr in Bend, OR. The property spans across 9.1 acres and features a total of 168 units. The sale price for this transaction was $49,500,000, which translates to an average price per unit of $294,643.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $49,500,000
  • Units: 168
  • Price per Unit: $294,643
  • Address: 1855 NE Lotus Dr, Bend, OR
  • Market: Bend, OR
  • Buyer: Security Properties
  • Broker: Nick Santangelo - CBRE

Nick Santangelo from CBRE represented Security Properties as the broker in this transaction.

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Deals
  • Location
    1855 Northeast Lotus Drive, Bend, Oregon 97701, United States1855 Northeast Lotus Drive, Bend, Oregon 97701, United States
  • Sale Price
    $49,500,000$49,500,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Nick Santangelo

Nick Santangelo

Deals7
Financed$156.5M

Agency

CBRE

CBRE

Agency
Deals4230
Volume$184.3B

Deal Summary

SALE IMAGE: Nick Santangelo DATE: 08/10/2022 ADDRESS: 1855 NE Lotus Dr MARKET: Bend, OR ASSET TYPE: Multifamily ~ ACRES: 9.1 BUYER: Security Properties BROKER: Nick Santangelo - CBRE SALE PRICE: $49,500,000 UNITS: 168 ~ PPU: $294,643

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1855 Northeast Lotus Drive

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