Palmyra, Lebanon County-based Dalane Management purchased a 20-unit apartment complex in Derry Township, Dauphin County this week for $2.5 million.
The property, at 1310-1360 Columbia Drive, Hershey, was sold by Landmark Commercial Realty in Harrisburg. It is made up of five four-unit brick buildings first built in 1986.
The apartment units are 850-square-foot two-bedroom and one-bath units, each offering a private front entrance and rear deck area, Landmark wrote in a press release.
“This is the first time the property was offered for sale since the late 1990s,” said Chuck Heller, executive vice president of Landmark. “It is also located in one of the region’s most desirable school districts. I anticipate it being a legacy property in the new owner’s portfolio.”
Landmark sold the property to Dalane at $125,000 per apartment unit.