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T30 Capital Acquires Aqua Sandy Springs Multifamily From 29th Street Capital For $36.7M
SOLD
Georgia
See Similar DealsMultiFamily
Sold 10/14/2024
SOLD
T30 Capital Acquires Aqua Sandy Springs Multifamily From 29th Street Capital For $36.7M
100 Greyfield Lane
See Similar DealsMultiFamily
Sold 10/14/2024
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:
- 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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,957,333.32
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
Annual Debt Service$2,087,720.68
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