V.P. Matt Wolf Arranges Sale of 100 Units in Franklin County
Woodbridge, N.J., January 7, 2021 – The Kislak Company, Inc. announced the recent sale of Grandview Estates, a 100-unit townhouse community in Waynesboro, Franklin County, Pennsylvania, for $13,250,000.
Kislak marketed the portfolio with Vice President Matt Wolf handling the assignment. Mr. Wolf also procured the purchaser. He commented: “We procured a number of aggressive offers, which is a testament to the demand for residential units in tertiary markets such as Waynesboro. This was a great opportunity for the purchaser to acquire 100 units, which were all three-bedroom townhouses, in excellent condition with the potential to increase rents.”
The community features 100 three-bedroom townhomes each with two and one-half baths. Kitchens are fully equipped with modern appliances: dishwasher/disposal, microwave, natural gas range, and refrigerator. All apartments also feature central air conditioning; forced hot air heating system; washer/dryer hook-up and one car garage on the lower level. Other amenities include abundant storage space; private balconies with large, composite decks; one car driveway parking; and pet-friendly options.
Situated in a quiet, residential location at the end of a cul-de-sac, the property is about 6 miles east of I-81 and 12 miles north of Hagerstown, Maryland. Located in the Cumberland Valley between Hagerstown and Chambersburg it is part of the Baltimore-Washington metropolitan area. Historic museums, arts centers, recreation area park and antique markets in Waynesboro are among the local attractions for residents and visitors alike.
Two miles north of the Mason-Dixon line, the property is close to Camp David and the Raven Rock Mountain Complex, a deep underground relocation and communications facility for the Pentagon, open to the public for tours through a special program at Camp David.
Mr. Wolf joined Kislak in 2017, following over a decade of success in the CRE industry focused on multifamily and other investment sales transactions in central and eastern Pennsylvania. He is a Certified Commercial Investment Member (CCIM) and also holds a Pennsylvania broker’s license.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s 35 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.
Now in its 114th year, Kislak was among a select group of firms recognized as a 2019 Power Broker by CoStar Group, Inc. and this was the firm’s 14th consecutive recognition.