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11900 White Bluff Road, Sav...

Trion Properties Acquires Multifamily Asset In Savannah, Georgia For $57.65M
SOLDMultiFamily

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

Adrie Moses-Bailey

Trion Properties

Broker

$379M

vol

7 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer
MP
Mcdowell PropertiesSeller

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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93