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1260 Balch Road Madison, AL...

Updated Oct 29, 2024

Capital Square Realty Advisors Acquires FarmHaus Apartments In Huntsville, Alabama For $94.6 Million
SOLDMultiFamily

Capital Square Realty Advisors Acquires FarmHaus Apartments In Huntsville, Alabama For $94.6 Million

1260 Balch Road Madison, AL 35757, USA

$94,600,000

Units

324

Asset Type

MultiFamily

Closing

Aug 30, 2023

About this deal

AI

The 324-unit FarmHaus Apartments in Huntsville, Alabama, has been acquired by Capital Square Realty Advisors for a total of $94.6 million. This multifamily property is situated on a vast 22.5-acre plot of land, providing ample space for its residents. With an average price of $291,975 per unit, the sale of FarmHaus Apartments marks a significant transaction in the Madison, AL market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $94,600,000
  • Units: 324
  • Price per Unit: $291,975

Leading the acquisition is Capital Square Realty Advisors, a prominent player in the real estate industry. As the buyer, their expertise and resources will contribute to the success of FarmHaus Apartments. On the other side of the transaction is the seller, Thompson Thrift Co, who has successfully closed the deal for this prime property.

The purchase of FarmHaus Apartments by Capital Square Realty Advisors highlights their strategic approach in expanding their multifamily portfolio. With this transaction, Capital Square Realty Advisors solidifies their presence in the Madison, AL market while further establishing themselves as key players in the real estate industry.

Players

CA
Capital Square Realty AdvisorsBuyer

Balch MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $292K per unit across 324 units on a published $94.6M (2023).

Browse Alabama multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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