Updated Oct 28, 2024
ASB Real Estate Investments Acquires Atlanta Multifamily Property For $204M
100 Pinhurst Drive Northwest, Atlanta, Georgia 30339, United States
$204,000,000
Units
680
Asset Type
MultiFamily
Closing
Jun 14, 2022
About this deal
AI
The multifamily property located at 100 Pinhurst Dr in Atlanta, GA has been sold in a closed transaction. The sale was finalized on 06/15/2022 at a sale price of $204,000,000 (Approx.). The property consists of 680 units, with an average price per unit of $300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $204,000,000 (Approx.)
- Address: 100 Pinhurst Dr, Atlanta, GA
- Market: Atlanta, GA
- Units: 680
- Price Per Unit: $300,000
The buyer in this transaction is ASB Real Estate Investments represented by Mary Murphy & RPM Living Investments as their representatives.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93