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165 West Mulberry Boulevard...

Wilkinson Corporation Acquires 252-Unit Multifamily Property In Savannah, GA For $73M
SOLDMultiFamily

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

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.

Players

Russ Hardy

Berkadia

Broker

$73M

vol

1 deal

Broker
Wilkinson Corp.
Wilkinson Corp.Buyer

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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93