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Woodbridge Apartments
5200 Arrowwood Circle, Sanford NC 27332
$ 2,700,000
View Deal Story
Woodbridge Apartments
5200 Arrowwood Circle, Sanford NC 27332
Asset Type
Affordable Housing
Date Sold
December 30, 2016
Price
$ 2,700,000
Per Unit
$ 26,000
Total Units
105
Year Built
1985
Market
Greater Raleigh-Durham
Deal Highlights
Property was encumbered by USDA Rural Development Multifamily Loan
Ownership was frustrated by cumbersome regulations
Property suffered from extremely low rents and tons of deferred maintenance
Strategic and targeted campaign landed a patient, high-equity, value add buyer from Northeastern U.S.
We represented Seller and worked one year with seller, buyer and USDA to exit the RD program and close the deal
Location
Contact
Wayne Braren
Co-Founder
Apartment Core
919-861-9730 x1
Wayne@ApartmentCore.com
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View Bio
Mike Siciliano
Co-Founder
Apartment Core
919-861-9730 x2
Mike@ApartmentCore.com
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View Bio
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