Arcan Capital Acquires 414-Unit Multifamily In Birmingham For $71.4M
SOLD
$71,400,000
Alabama
See Similar DealsMultiFamily
Sold 06/06/2022
SOLD
Arcan Capital Acquires 414-Unit Multifamily In Birmingham For $71.4M
2000 Colony Park Drive, Birmingham, Alabama 35243, United States
See Similar DealsMultiFamily
Sold 06/06/2022
Summary
ALABAMA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2000 Colony Park Dr in Birmingham, AL has been sold. The transaction took place between the buyer, Arcan Capital, and the seller, Forum Investment Group. The property consists of 414 units, with a sale price of $71,400,000, resulting in a price per unit of $172,464.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $71,400,000
The deal was facilitated by Andrew Brown and Craig Hey of Cushman & Wakefield, who represented both parties in the transaction.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,808,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$253,669.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$338,472.43
Annual Debt Service$4,061,669.12
Is there something missing? Send suggestions