Jan
30

Spartanburg Apartments Sold for $26,000/Unit

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NAI apt sale 1-2015Tony Bonitati, Kay Hill and Bern DuPree of NAI Earle Furman’s Multifamily Division represented the Seller, Southwood Realty of Gastonia, NC in the sale of Westgate and Woodside Apartments. Westgate Apartments, a 122-unit complex located at 430 East Blackstock Road in Spartanburg, SC and Woodside Apartments, a 124-unit complex located at 1631 Fernwood Glendale Road, Spartanburg, SC were built in 1977 and 1973 respectively.

The multifamily properties sold together for $6,400,000 and were occupied at 96 and 92 percent at the time of sale. The Buyer was DBC Real Estate Management, LLC out of Warrendale, PA. This sale represents the NAI Earle Furman’s Multifamily Team’s third transaction representing Southwood in a disposition.

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    Categories : Spartanburg

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