Capstone Closes $4,125,000 Sale of Build-For-Rent Townhome Community in Manchester, TN

MANCHESTER, TN—Capstone Land Sales arranged the $4,125,000 sale of a multi-family development site in Manchester, Tennessee.

Capstone’s Austin Heithcock, Adam Klenk, Tyler Mayo, Jordan Arand, and Luke Searcy represented the seller, Manchester Point LLC, in the transaction. The buyer, Hensley Group LLC, will build a 236-unit build-for-rent townhome community featuring a clubhouse and Class A amenities.

Situated on Truckers Lane in Manchester, the site offers superb access to Interstate 24 and proximity to major employers in Murfeesboro—just over 30 miles away.

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