Updated Dec 4, 2024
Think Multifamily Acquires The Reserve At Stockbridge For $15.66M
115 Rock Quarry Road
$15,660,000
Units
88
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
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.
On the Map
$15,660,000
MultiFamily
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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