One Real Estate Investment Acquires Apartment Complex In Clarkston, GA For $34M
SOLD
$34,000,000
Georgia
See Similar DealsMultiFamily233,918 SF
Sold 01/07/2022
SOLD
One Real Estate Investment Acquires Apartment Complex In Clarkston, GA For $34M
Wild Circle, Clarkston, Georgia 30021, United States
See Similar DealsMultiFamily233,918 SF
Sold 01/07/2022
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$145
Total Square Footage:233,918 SF
Transaction Type:Sale
One Real Estate Investment (OREI) and MLG Capital have completed the sale of an apartment complex located at 100 Wild Cir in Clarkston, GA. The property consists of 242 units and was sold for a total price of $34,000,000, translating to approximately $140,495 per unit.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $34,000,000
- Address: 100 Wild Cir, Clarkston, GA
- Market: Clarkston, GA
The sale of this apartment complex was facilitated by the brokerage team of Chinmay Bhatt, Noam Franklin, and Cody Kirkpatrick from Berkadia, JV Equity & Structured Capital, representing the buyer, One Real Estate Investment (OREI) and MLG Capital.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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