Friday, September 7, 2012

Park City Apts Trade for $22.7M

AIG sold the Park City Apartments, formerly known as Crossing at Mill Creek, located at 2000 Swarr Run Rd. in Lancaster, PA, to The Westover Companies for $22.65 million, or about $67,000 per unit. 

Park City Apartments consists of nine buildings containing 100 one-bedroom, 186 two-bedroom, and 52 three-bedroom units in garden-style setting. The units are individually metered with some amenities as balcony/patio, ceiling fans, granite countertops, microware, wall-to-wall carpeting and some have a washer/dryer. The multifamily community features laundry facilities, pet play areas, pool and a playground.

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