SOLD - Littlestown Village Apartments
Littlestown Village Apartments was recently purchased by Seven Hills Littlestown LLC from 110 NJL LLC. The 44 unit apartment complex, located in Adams County, was sold for approximately $50,000 per unit. The property, taken over by a New York investment banking firm in 2015, was managed and repositioned for sale by NAI CIR. Capital improvements were undertaken, occupancy stabilized, and rental rates were increased for the formerly distressed asset. Nathan Kranz of NAI CIR, cooperating with Cliff Moskovitz of NAI Global’s New York City office, guided the property to market. Kranz represented both the seller and the buyer in the transaction.
NAI CIR, based in Lemoyne, is Central Pennsylvania’s oldest and largest exclusively commercial industrial real estate full service brokerage firm. Founded in 1970, the firm is consistently ranked as the top producing commercial industrial sales and leasing firm by the Central Pennsylvania Business Journal and by Real Capital Analytics. The firm has been honored as a Philadelphia Region CoStar Power Broker for 15 consecutive years.
NAI CIR is the Central Pennsylvania representative of NAI Global, an international organization of real estate professionals with connections literally all across the world. Our transaction and management professionals are among the most experienced and successful in the business, and our platform ensures that our expertise directly benefits our clients.
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property.