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100 Oglethorpe Drive

Trion Properties Acquires Multifamily Asset In Pooler, Savannah, Georgia For $34M
SOLDMultiFamily

Trion Properties Acquires Multifamily Asset In Pooler, Savannah, Georgia For $34M

100 Oglethorpe Drive

$34,000,000

$198/SF

Building Size

171,760 SF

Asset Type

MultiFamily

Closing

Sep 22, 2022

AI

The multifamily property located at 100 Oglethorpe Drive in Pooler, Savannah, Georgia has been sold in a transaction. The property spans across 171,760 square feet and has been purchased for a total sale price of $34,000,000. The price per square foot for the property is $198.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $34,000,000
  • Address: 100 Oglethorpe Drive, Pooler, Savannah, Georgia
  • Market: Pooler, Savannah, Georgia
  • Buyer: Trion Properties - Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Bailey & Felipe Montes de Oca
  • Seller: URS Capital Partners
  • Brokers: Alex Mcdermott & Brady Holcomb - Capstone
  • Square Footage: 171,760
  • Price Per Square Foot: $198

The buyer of the property is represented by Trion Properties, specifically Max Sharkansky, Mitch Paskover, David Moghavem, Adrie Bailey, and Felipe Montes de Oca. The seller in this transaction is URS Capital Partners. The brokers involved in the deal are Alex Mcdermott and Brady Holcomb from Capstone.

Players

Adrie Moses-Bailey

Trion Properties

Broker

$379M

vol

7 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer

Pooler MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93