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115 Rock Quarry Road

Think Multifamily Acquires The Reserve At Stockbridge For $15.66M
SOLDMultiFamily

Think Multifamily Acquires The Reserve At Stockbridge For $15.66M

115 Rock Quarry Road

$15,660,000

Building Size

Asset Type

MultiFamily

Closing

Aug 31, 2023

AI

The Reserve at Stockbridge, a garden-style community with 88 units located in Stockbridge, Atlanta, has been sold in an off-market transaction for $15.66 million. The property is situated at 115 Rock Quarry Road in Stockbridge, GA.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,660,000
  • Units: 88
  • Price Per Unit: $177,955
  • Market: Stockbridge, GA

Mark Kenney, the founder of Think Multifamily, acted as the buyer in this transaction. The seller, Hallmark Properties, successfully closed the deal with the assistance of brokers Barden Brown, Chandler Brown, and Taylor Brown from Global Real Estate Advisors.

GREA facilitated the off-market sale of The Reserve at Stockbridge. The transaction marks a significant milestone for the multifamily property, which offers residents a garden-style living experience in Stockbridge, Atlanta.

Players

Chandler Brown

Global Real Estate Advisors (GREA)

Broker

$143.8M

vol

5 deals

Broker

Stockbridge 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

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93