80-unit Condominium Portfolio Sold to LWRJ, LLC
Announced today by SVN Summit Commercial Real Estate Advisors in Fairlawn, Brookledge Commons condominium portfolio has sold to LWRJ, LLC.
Located at Buckingham Gate Boulevard in Cuyahoga Falls, the complex consists of 150 total units, of which 80 units were sold. The year-long sales process was led by Nichole Booker, PhD., who represented the sellers and specializes in complex investment and multifamily sales.
The property sold for $5,554,000 which was within 5% of the asking price of this very complex transaction.
"Anytime a condominium portfolio is purchased as a part of a larger community (in this case 80 units of the 150 total), it's complicated with aspects such as the homeowners association and various layers of financing, and in this case, more than one seller," states Booker.
"We worked through this process collaboratively and ended up with a very successful outcome for all parties involved." "We're thrilled to have the ability to meet the needs of our clients and to facilitate this complex transaction on behalf of their families," adds SVN Managing Director Jerry Fiume, SIOR, CCIM. "Nichole is an incredible asset to our team and quickly earns the genuine trust of her clients and colleagues. She excels at collaborating and optimizing solutions for all involved and has established herself as a leader in the industry and the community."
For additional information or questions, please contact Nichole Booker, Ph.D., [email protected] or by phone at (330) 475-5500.