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Atlanta & Southeast  + Southeast  + Apartments  |  August 12, 2021
David Cohen
By: David Cohen

Charleston MF Property Trades for $19M

Berkadia has arranged the $19.5 million sale of Oasis at West Ashley, a garden-style multifamily property in Charleston.

Located at 1751 Dogwood Road, the 116-unit community was built in 1979 and features newly-renovated kitchens, walk-in closets and patio or balcony options. The sales price reflects a per-unit price of $167,672. The property was 96 percent occupied at the time of the sale.

Mark Boyce and Blake Coffey of Berkadia’s Charleston office represented the seller, New York-based URS Capital Partners. The buyer was not disclosed.

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Berkadia’s Boyce

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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