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PRG Real Estate Acquires Multifamily Property In Hampton, VA For $45.5M

99 Tide Mill Lane
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This MultiFamily property located in VA was sold for $45,500,000 over 1 year ago.

The multifamily property located at 99 Tide Mill Lane in Hampton, VA has been sold in a transaction that also involved a loan. The property consists of 252 units, with a sale price of $45,500,000, resulting in a price per unit (PPU) of $180,556.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $45,500,000
  • Units: 252
  • Price Per Unit (PPU): $180,556
  • Loan Amount: $27,400,000
  • Loan Type: Fannie Mae financing
  • Market: Hampton, VA

The buyer in this transaction was PRG Real Estate, while the seller was Artcraft Management. The buyer secured a loan amount of $27,400,000 through Fannie Mae financing.

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Deals
  • Location
    99 Tide Mill Lane, Hampton, Virginia 23666, United States99 Tide Mill Lane, Hampton, Virginia 23666, United States
  • Sale Price
    $45,500,000$45,500,000
  • Asset Type
    MultiFamilyMultiFamily

Deal Summary

SALE & LOAN DATE: 09/19/2022 ADDRESS: 99 Tide Mill Lane MARKET: Hampton, VA ASSET TYPE: Multifamily BUYER: PRG Real Estate SELLER: Artcraft Management SALE PRICE: $45,500,000 UNITS: 252 ~ PPU: $180,556 LOAN AMOUNT: $27,400,000 LOAN TYPE: Fannie Mae financing

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