Trion Properties Acquires Multifamily Asset In Savannah, Georgia For $57.65M
11900 White Bluff Road, Savannah, Georgia 31419, United States
$57,650,000
$187/SF
Building Size
307,104 SF
Asset Type
MultiFamily
Closing
Jun 30, 2022
AI
The multifamily property located at 11900 White Bluff Rd & 10014 White Bluff Rd in Savannah, Georgia has been sold. The transaction took place on 07/01/2022, with Trion Properties, represented by Max Sharkansky, Mitch Paskover, Marley Dominguez, and Adrie Bailey, as the buyer. The seller was Mcdowell Properties. The property was listed by Nelson Abels, Taylor Bird, Laura Aylor, and Harrison Cheeley of Cushman & Wakefield. The sale price for the property was $57,650,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,650,000
- Units: 297
- Price per Unit: $194,108
- Square Footage: 307,104
- Price per Square Foot: $188
Max Sharkansky, Mitch Paskover, Marley Dominguez, and Adrie Bailey of Trion Properties were the main individuals involved in the transaction. Additionally, Nelson Abels, Taylor Bird, Laura Aylor, and Harrison Cheeley of Cushman & Wakefield represented the buyer in the deal.
Players
Savannah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93