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

Property Image
SOLD
$73,000,000

Georgia

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MultiFamily
Sold 10/04/2022
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Property Image
SOLD

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

165 West Mulberry Boulevard, Savannah, Georgia 31407, United States

See Similar Deals
MultiFamily
Sold 10/04/2022
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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
Russ Hardy
1 deal$73M volume
BROKER
Wilkinson Corp.
Wilkinson Corp.
BUYER

Details

SOLD
IMAGE: Russ Hardy DATE: 10/04/2022 ADDRESS: 165 W Mulberry Blvd MARKET: Savannah, GA ASSET TYPE: Multifamily BUYER: Wilkinson Corporation, BROKER: Russ Hardy - Berkadia SALE PRICE: $73,000,000 UNITS: 252 ~ PPU: $289,683

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$259,353.59
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