1 Tourmaline Drive & 10 Almond Avenue
Description
The Bluffs, LLC purchased a 63,840± SF multifamily complex from Randall Road Associates, LLC for $10,200,000. The Bluffs, a 65-unit townhouse-style apartment complex, has excellent historical occupancy, long-term tenants, and a waiting list. Each unit consists of two bedrooms and 1.5 bathrooms, with two parking spaces. The sale also featured a 10.51± acre parcel of land, previously approved for 65 garage storage units, creating a value-add opportunity.
The transaction was arranged by Nick Lucas and Noah Stebbins of The Boulos Company.
