Updated Oct 29, 2024
The Fountain At Maumelle LLC & HSGC Holdings II LLC Acquires Multifamily Property In North Little Rock, AR For $68M
10801 Paul Eells Drive North Little Rock, Arkansas 72113, USA
$68,000,000
Units
432
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
The Fountain at Maumelle LLC & HSGC Holdings II LLC have acquired a multifamily property located at 10801 Paul Eells Drive in North Little Rock, AR. The property consists of 432 units, with a price per unit (PPU) of $157,407. The total sale price for the transaction was $68,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $68,000,000
- Units: 432
- PPU: $157,407
The seller of the property was Burkhalter Commercial Group LLC. The transaction took place on 05/22/2023 in the North Little Rock market.
Players
North Little Rock MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93