A group of private investors acquired the 65-unit Wellesley Park Apartments in Salem, OR for $5.7 million, or about $88,000 per unit.
The complex, located at 4420 Seaton Lane NE, consists of 37 two-bedroom and 28 three-bedroom apartments with sizes ranging from 994 to 1,180 square feet. Amenities at the multifamily community include a washer and dryer in every unit, walking and biking trails, and storage units.
Grayson Pounder of Hendricks & Partners in Portland represented both the buyers and the sellers, Slayden Construction Group, Inc.
For further information on this transaction, please see CoStar COMPS #2242452.