Sym Investments Acquires Multifamily Property In Trumbull, CT For $82M
SOLD
Connecticut
See Similar DealsMultiFamily389,047 SF
Sold 03/10/2021
SOLD
Sym Investments Acquires Multifamily Property In Trumbull, CT For $82M
100 Avalon Gates
See Similar DealsMultiFamily389,047 SF
Sold 03/10/2021
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:389,047 SF
Transaction Type:Sale
Located at 100 Avalon Gates in Trumbull, CT, this multifamily property has recently changed hands in a closed transaction. The property is comprised of 340 units and was sold for a total price of $82,000,000, resulting in a per unit price of $241,176.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $82,000,000
- Units: 340
- Price Per Unit: $241,176
- Seller: Paredim Partners & LEM Capital
- Buyer: Sym Investments
- Brokers: Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, & Stuart MacKenzie - CBRE
The sale of this property was facilitated by the brokers Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Stuart MacKenzie from CBRE. The buyer, Sym Investments, acquired the property from sellers Paredim Partners and LEM Capital.
Players
BUYER
SELLER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,373,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$291,328.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$388,721.83
Annual Debt Service$4,664,662.01
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