COOKEVILLE, TN—Capstone Land Sales has brokered the $675,000 sale of a 14.44-acre multi-family development site in Cookeville, TN. The property is situated off Eagles Landing Drive between W. Jackson Street and Buffalo Valley Road, less than two miles from Tennessee Tech University.
Capstone’s Tyler Mayo and Adam Klenk sold the property on behalf of New York-based Sundance Real Estate Advisors, who acquired the land 10 months ago in another Capstone transaction when they purchased Eagles Landing, an off-campus student housing community next to the property. They ultimately decided not to keep ownership of the adjacent 14.44 acres and sold through Capstone.
The buyer, Walnut Village Inc, plans to develop for-rent housing on the site.