Updated Mar 4, 2026
Nighthawk Equity Acquires Multifamily Property In Marietta, GA For $42.6M
1035 Franklin Gateway Southeast, Marietta, Georgia 30067, United States
$42,595,000
$181/SF
Building Size
235,000 SF
Asset Type
MultiFamily
Closing
Mar 14, 2022
About this deal
AI
The multifamily property located at 1035 Franklin Gateway in Marietta, GA was recently sold for a total price of $42,595,000. The transaction took place on 03/15/2022, and the property consists of 214 units with an average price per unit of $199,042. The total square footage of the property is 235,000, with an average price per square foot of $181. The sale was facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,595,000
- Units: 214
- Price per Unit: $199,042
- Square Footage: 235,000
- Price per Square Foot: $181
- Address: 1035 Franklin Gateway, Marietta, GA
- Market: Marietta, GA
Nighthawk Equity served as the buyer for this transaction. The deal was successfully facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.
On the Map
$42,595,000
$181/SF
MultiFamily
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Players
Marietta 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93