Castle Lanterra Acquires Multifamily Property In Orange County For $34.3M
7 Lakeside Road
85,800 SF
Summary
Castle Lanterra has purchased a multifamily property located at 7 Lakeside Rd. in Orange County. The transaction was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units, with a sale price of $34,250,000. This equates to a per unit price of $335,784. The total square footage of the property is 85,800, resulting in a price per square foot of $399.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $34,250,000
- Address: 7 Lakeside Rd.
- Market: Orange County
- Buyer: Castle Lanterra
- Seller: Farrell Communites
- Broker: Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch - Cushman & Wakefield
- Units: 102
- Price per Unit: $335,784
- Square Footage: 85,800
- Price per Square Foot: $399
In this transaction, Castle Lanterra acquired the multifamily property at 7 Lakeside Rd. in Orange County for a total amount of $34,250,000. The deal was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units and has a total square footage of 85,800. The sale price per unit is $335,784 and the price per square foot is $399.
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