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10014 White Bluff Road, Sav...

Trion Properties Acquires Multifamily Property In Savannah, GA For $57.7M
SOLDMultiFamily

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

Nelson Abels

Cushman & Wakefield

Broker

$115.4M

vol

2 deals

Broker
Trion Properties
Trion PropertiesBrokerage
Trion Properties
Trion PropertiesBuyer

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