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TrueRate Services Brokers $11.2M Multifamily Sale In Spartanburg, SC

Property Image
SOLD
$11,220,000
Audley Clarke
Andrew (AJ) Hyans
Samuel (Sam) Finkler

Florida

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MultiFamily221,619 SF
Sold 08/08/2022
the dealplayerscompscontact
Property Image
SOLD

TrueRate Services Brokers $11.2M Multifamily Sale In Spartanburg, SC

1200 College Pointe Lane

See Similar Deals
MultiFamily221,619 SF
Sold 08/08/2022
Audley Clarke
Andrew (AJ) Hyans
Samuel (Sam) Finkler
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$50
Total Square Footage:221,619 SF
Transaction Type:Sale

The multifamily property located at 1200 College Pointe Ln. in Spartanburg, SC has been sold for a price of $11,220,000. The property spans over 221,619 square feet, resulting in a price per square foot of $50.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,220,000
  • Square Footage: 221,619
  • Price per Square Foot: $50
  • Address: 1200 College Pointe Ln., Spartanburg, SC
  • Market: Spartanburg, SC

The brokers involved in the deal were Samuel Finkler, Audley Clarke, and Andrew Hyans from TrueRate Services.

Players

Samuel (Sam) Finkler
Besen Partners
Samuel Finkler
33 deals$151.1M volume(973) 870-2916
BROKER
Audley Clarke
TrueRate Services
Audley Clarke
8 deals$64.9M volume
BROKER
Andrew (AJ) Hyans
TrueRate Services
Andrew Hyans
9 deals$67.3M volume
BROKER

Details

SOLD
IMAGE: Samuel Finkler, Audley Clarke & Andrew Hyans DATE: 08/08/2022 ADDRESS: 1200 College Pointe Ln. MARKET: Spartanburg, SC ASSET TYPE: Multifamily BROKERS: Samuel Finkler (@Sam_Finkler), Audley Clarke (@TheAudleyClarke) & Andrew Hyans (@AjHyans) - TrueRate Services SALE PRICE: $11,220,000 SF: 221,619 ~ PPSF: $50

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$39,862.30
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