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Wild Circle, Clarkston, Geo...

One Real Estate Investment Acquires Apartment Complex In Clarkston, GA For $34M
SOLDMultiFamily

One Real Estate Investment Acquires Apartment Complex In Clarkston, GA For $34M

Wild Circle, Clarkston, Georgia 30021, United States

$34,000,000

$145/SF

Building Size

233,918 SF

Asset Type

MultiFamily

Closing

Jan 6, 2022

AI

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

Noam Franklin

Berkadia

Broker

$780.2M

vol

20 deals

Broker
One Real Estate Investment
One Real Estate InvestmentBuyer

Clarkston 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