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4203 Drew Hill Ln, Notting Hill Apartments, Chapel Hill, NC 100 Drew Hill Lane, Chapel Hill, NC 27514

Office • Sold
    $30,500,000
Best Use
Residential
  • 260,370 sf
  • 21.24 acres
City
Chapel Hill
County
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Orange
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Property Details

  • Best Use
    Residential
  • SF
    260,370 sf
  • Acres
    21.24 acres
  • Building Year
    2000

Listing Details

  • List Price
    $30,500,000
  • Analysis

    Sale Price $30,500,000 ÷ 260,370 SF = $117.14 per SF of GBA
    Sale Price $30,500,000 ÷ 200 units = $152,500 per unit

  • Address
    100 Drew Hill Lane, Chapel Hill, NC 27514
  • City
    Chapel Hill
  • County
    Orange
  • Parcel #
    9890-61-9411
  • Listing Agent(s)
  • Status
    Closed
  • Closed Date
    11/19/2014
  • Data Source
    Pickett Sprouse Commercial Real Estate
  • Listing ID
    54720

Notes

Joint venture between Carroll Organization and AIMS Real Estate (Goldman Sachs Asset Mgmt), Carroll to provide property management. Prior to sale, Crow had started remodeling, Carroll to continue remodeling at price of $126,500/unit. Property was 95% occupied at closing.

Information deemed reliable but not guaranteed to be accurate. © Pickett Sprouse Commercial Real Estate. All rights reserved.