Updated Oct 28, 2024
Wilkinson Corporation Acquires 252-Unit Multifamily Property In Savannah, GA For $73M
165 West Mulberry Boulevard, Savannah, Georgia 31407, United States
$73,000,000
Units
252
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
A multifamily property located at 165 W Mulberry Blvd in Savannah, GA has been sold in a closed transaction. The property consists of 252 units and was sold for a price of $73,000,000, resulting in a price per unit of $289,683. The sale took place on 10/04/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Units: 252
- Price per Unit: $289,683
- Market: Savannah, GA
The buyer of the property is Wilkinson Corporation. The sale was facilitated by broker Russ Hardy from Berkadia. Russ Hardy served as the representative for Wilkinson Corporation in the deal.
On the Map
$73,000,000
MultiFamily
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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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93