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Nearly 400 multifamily units sold in Lancaster County for $28.2M

by thiryj

Nearly 400 multifamily units sold in Lancaster County for $28.2M

A portfolio of three multifamily properties in Lancaster County, totaling 387 units, recently sold for $28.2 million, according to California-based Marcus & Millichap Real Estate Investment Services, the firm who arranged the sale.

The properties are:

• Windsor Court Townhomes, a 126-unit complex in East Hempfield Township. It sold for $10.9 million, or $73 per square foot.

• Cherryhill Villas, a 118-unit complex in East Hempfield Township. It sold for $8.5 million, or $98 per square foot.

• Sweetbriar Apartments, a 143-unit complex in Manheim Township. It sold for $8.8 million, or $76 per square foot.

The properties were purchased by a New York City-based limited liability corporation through property-specific limited partnerships, according to Lancaster County property records. The listed owners are SF Windsor Court LP, SF Cherry Hill LP and SF Sweetbriar LP.

Courtesy of the Central Penn Business Journal. Read the full article here:

Nearly 400 multifamily units sold in Lancaster County for $28.2M | Central Penn Business Journal.

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