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T30 Capital Acquires Aqua Sandy Springs Multifamily From 29th Street Capital For $36.7M

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SOLD
$36,700,000

Georgia

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MultiFamily
Sold 10/14/2024
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Property Image
SOLD

T30 Capital Acquires Aqua Sandy Springs Multifamily From 29th Street Capital For $36.7M

100 Greyfield Lane

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MultiFamily
Sold 10/14/2024
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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.

Players

Cory Caroline Sams
5 deals$159.8M volume
BROKER

Chandler Brown
Global Real Estate Advisors (GREA)
5 deals$143.8M volume(678) 894-2225
BROKER

Taylor Brown
Global Real Estate Advisors (GREA)
8 deals$198.1M volume(678) 894-2219
BROKER

Details

SOLD
IMAGE: 10/14/2024 ADDRESS: 100 Greyfield Lane MARKET: Sandy Springs, GA ASSET TYPE: Multifamily BUYER: T30 Capital SELLER: 29th Street Capital BROKERS: Chandler Brown, Cory Caroline Sams & Taylor Brown - Global Real Estate Advisors (GREA) SALE PRICE: $36,700,000 UNITS: 219 ~ PPU: $167,580 NOTE: Global Real Estate Advisors (GREA) brokered the $36.7 million sale of Aqua Sandy Springs, a 219-unit apartment community near Atlanta. T30 Capital acquired the property from 29th Street Capital, with plans for a value-add program.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$130,387.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,976.72
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