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Multifamily Portfolio Sells for $5.4M

HAMPTON, VIRGINIA:  Cushman & Wakefield | Thalhimer announces the sale of a portfolio of multifamily properties in Hampton, Virginia. 
Prosper Hampton 125, LLC purchased the 125 garden-style unit multifamily portfolio, consisting of a total of 87,770 square feet and 125 units, from ASCON Properties, LLC for $5,400,000 as an investment. The purchaser has planned significant upgrades to the properties. The apartments are located at six different locations in Hampton, including:
- Ascon North Apartments - 1724, 1726 & 1728 N. King Street, Hampton | 36 units
- Ascon South Apartments - 1562, 1564, 1566 & 1568 N. King Street, Hampton | 31 units
- King Street Apartments - 1574 King Street, Hampton | 12 units
- Pembroke Apartments - 609 E. Pembroke Avenue, Hampton | 12 units
- Percy Lane Apartments - 10 Percy Lane, Hampton | 10 units
- Todds Lane Apartments - 2242 & 2244 Todds Lane, Hampton | 24 units
David Butchello of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.