Woodbridge Apartments

5200 Arrowwood Circle, Sanford NC 27332

$ 2,700,000

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

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730 x1
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730 x2
Mike@ApartmentCore.com

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