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

By - Last modified: December 21, 2012 at 10:10 AM

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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.

 

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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