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Bob Vail Of Kolter Urban Purchases 4.7 Acre Development Site For $38 Million In Atlanta
SOLD
$38,000,000
Georgia
See Similar DealsLand
Sold 03/28/2025
SOLD
Bob Vail Of Kolter Urban Purchases 4.7 Acre Development Site For $38 Million In Atlanta
102 West Paces Ferry Road Northwest
See Similar DealsLand
Sold 03/28/2025
Summary
GEORGIA
Asset Type:Land
Transaction Type:Sale
The property asset involved in the transaction is a 4.7-acre development site located at 102 West Paces Ferry Road Northwest in Atlanta, GA. The site was sold for $38,000,000 and is intended for the development of a luxury condo tower comprising 196 units, named Elyse Buckhead, situated next to the St. Regis Atlanta.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $38,000,000
- Buyer: Bob Vail - Kolter Urban
- Seller: 102 West Paces Ferry Road LLC
- Date of Sale: 03/28/2025
This transaction involved Bob Vail representing Kolter Urban as the buyer, while the seller was 102 West Paces Ferry Road LLC. The development is poised to enhance the existing landscape of Buckhead, Atlanta.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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