KW Commercial – Collegeville, PA
(484) 557-0907 | nilethompson@kwcommercial.com
Sale Price: $5,245,000
Nile Thompson, multifamily and investment property specialist at KW Commercial Collegeville, PA office, recently brokered the transaction at 101-404 Cedar Hill Dr, Canonsburg, PA. Heritage Meadows – a 36-unit apartment complex located in Peters Township, which is one of the wealthiest suburbs outside of Pittsburgh PA. Peters Township is also home to the best public high school in the state outside of Southeastern, PA. The property sits between the public high school and a major retail artery, which made it an extremely attractive location. The sellers had raised the value of the property significantly over the duration of their ownership through practical, methodical management. Thompson represented the seller and found the buyer for this transaction.
“Peters Township does not allow landowners to build new construction apartment complexes, so the buyers were able to secure a high-quality asset in a market with minimal competition and with extremely high barriers to entry,” said Thompson.
“Nile did an excellent job representing the seller and procuring a buyer for this property. We are very pleased with his efforts and results,” said David Specht, area director for KW Commercial.
Nile Thompson has been in the commercial real estate business since 2018. He specializes in multifamily and investment property brokerage in Pennsylvania and New Jersey. Thompson says, “My understanding of market trends and my ability to recognize opportunities allow me to maximize value for my clients.”
If you are interested in working with KW Commercial and joining our specialized agents, please contact us at 215-664-1091.
