ASB Real Estate Investments Acquires Atlanta Multifamily Property For $204M
SOLD
$204,000,000
Georgia
See Similar DealsMultiFamily
Sold 06/15/2022
SOLD
ASB Real Estate Investments Acquires Atlanta Multifamily Property For $204M
100 Pinhurst Drive Northwest, Atlanta, Georgia 30339, United States
See Similar DealsMultiFamily
Sold 06/15/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,879,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$724,768.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$967,064.08
Annual Debt Service$11,604,768.91
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