Updated Oct 28, 2024
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
About this deal
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.
On the Map
$34,000,000
$145/SF
MultiFamily
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Players
Clarkston 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93