Hampton apartment complex sells for $18 million
New Hampton Commons Apartments in Hampton has a new owner. The community at 1482 Queens Street sold for $18 million to Klein Hampton LLC. The seller was New Hampton Limited Partnership.
The 252-unit multifamily community offers one-, two- and three-bedroom townhomes. Amenities include a community clubhouse, sun deck and pool. The 15, two-story buildings have access to Interstates 64 and I-664.
According to CBRE|Hampton Roads, which brokered the sale, New Hampton Commons Apartments were 95 percent leased at the time.
Dan Johnson and Hank Hankins of CBRE|Hampton Roads and Craige Pelouze and Charles Wentworth of CBRE|Richmond represented the seller in the transaction.