BOWLING GREEN, KY — Capstone Companies has successfully brokered the $8.9M off-market sale of Red Rock Place Apartments: a 60-unit garden style multifamily apartment community constructed in 2017 and located in Bowling Green, Kentucky.
Capstone Investment Sales Advisor, Jordan Arand, led the transaction team along with Capstone Partner, Adam Klenk, Senior Advisor, Austin Heithcock, and Investment Sales Advisor, Josh White. The property was sold by a local Bowling Green LL to LEV Properties.
“Our team is thrilled to have closed another Class A transaction in Bowling Green with a new-to-market buyer. Bowling Green is one of KY’s fastest-growing cities, which will allow the new owners to take advantage of its incredible growth fundamentals, recent job announcements, and proximity to Nashville and other major cities,” said Capstone’s Arand.
Red Rock Place Apartments is strategically located in close proximity to Interstate 65 and 165 and is a 10-minute drive from downtown Bowling Green. This ease of access provides residents with access to an abundance of jobs, retail, and restaurants. Red Rock Place was 95% occupied at the time of the sale.
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