COLUMBIA, TN— Capstone Companies is pleased to announce the successful sale of Oak View Apartments, a 52-unit garden-style community located in Columbia, TN, for $5,625,000. Constructed in 1971 and spanning 6.25 acres, Oak View offers a premium living environment with its expansive green spaces and comprehensive recent renovations.
The Capstone brokerage team, led by Firm Partner Adam Klenk, facilitated the sale on behalf of ISM Management and sourced the buyer, Dominion Asset Management. Team members Austin Heithcock, Jordan Arand, Blake Wiser, Quentin Nichols, and Josh White also played pivotal roles in the transaction.
“The successful sale of Oak View Apartments represents a significant achievement for all parties involved,” said Klenk. “The property’s extensive renovations and potential for further value-add opportunities make it an exciting investment. We are proud to have facilitated this transaction and are confident that Dominion Asset Management will continue to benefit from Columbia’s growth trajectory.”
Centrally located in Maury County, Oak View benefits from the region’s vibrant economic landscape, characterized by significant recent investments and robust in-migration and job growth trends. With its recent renovations and substantial remaining value-add potential, Oak View Apartments is well-positioned to continue providing quality housing for tenants and generating significant returns for its new owners. The thriving economic environment ensures a positive outlook for the area, making Oak View Apartments a valuable asset in a flourishing community.
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