Trion Properties Acquires Multifamily Property In Savannah, GA For $57.7M
10014 White Bluff Road, Savannah, Georgia 31406, United States
$57,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 14, 2022
AI
The multifamily property located at 10014 White Bluff Rd & 11900 White Bluff Rd in Savannah, GA has been sold for a total price of $57,700,000. The property consists of 297 units, with an average price per unit of $194,276.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,700,000
- Units: 297
- Price per Unit: $194,276
The buyer in this transaction was Trion Properties. The deal was facilitated by the brokers Taylor Bird, Nelson Abels, Laura Aylor, and Harrison Cheeley from Cushman & Wakefield.
Players
Savannah 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93