1/10/2008

Trinity Capital acquires Delaware multi-family for $11.2M

by

Scarborough Park Apartments

Blue Bell, Pa.-based Trinity Capital Advisors has purchased the Scarborough Park Apartments in Wilmington, Del., for $11.2 million from Delaware developer Frank Acierno.

Mark Thomson of Marcus & Millichap's Philadelphia office represented Acierno while Matt Gorman, also of M&M, represented Trinity Capital.

The 156-unit apartment complex, which sold for $71,795 per unit, is located at 131 Scarborough Park Drive. It contains 129,626 square feet on 8.88 acres and has an occupancy rate of approximately 90 percent.

Address: 131 Scarborough Park Dr., Wilmington, Del.

Size: 156 units

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Filed Under: Multi-Family

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