Updated Oct 28, 2024
Blue Lake Capital Acquires Multifamily Property In Buford, GA For $81M
1851 Satellite Boulevard, Buford, GA, USA
$81,000,000
$31,237/SF
Building Size
2,593 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
The 296-unit multifamily property located at 1851 Satellite Blvd in Buford, GA has been sold for a transaction amount of $81,000,000. The property, owned by Blue Lake Capital - Ellie Perlman, was recently closed on 12/02/2021. This sizable acquisition offers an average price per unit of $273,649.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $81,000,000
- Units: 296
- Price per Unit (PPU): $273,649
Blue Lake Capital, represented by Ellie Perlman, successfully completed the purchase of this notable multifamily property in Buford, GA. This transaction marks a significant addition to Blue Lake Capital's diversified portfolio.
Players
Buford 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93