Updated Dec 4, 2024
T30 Capital Acquires Aqua Sandy Springs Multifamily From 29th Street Capital For $36.7M
100 Greyfield Lane
$36,700,000
Units
219
Asset Type
MultiFamily
Closing
Oct 14, 2024
About this deal
AI
Aqua Sandy Springs is a multifamily property located at 100 Greyfield Lane in Sandy Springs, GA. This apartment community features 219 units and has a sale price of $36,700,000, which equates to a price per unit of $167,580.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,700,000
- Units: 219
- Price Per Unit: $167,580
- Buyer: T30 Capital
- Seller: 29th Street Capital
- Brokers: Chandler Brown, Cory Caroline Sams & Taylor Brown - Global Real Estate Advisors (GREA)
The transaction involved T30 Capital acquiring the property from 29th Street Capital, with plans for a value-add program. Global Real Estate Advisors (GREA) was responsible for brokering this sale.
On the Map
$36,700,000
MultiFamily
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Players
Atlanta 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93