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2025 Barrett Lakes Boulevar...

Forum Investment Group Acquires Multifamily Property In Kennesaw, GA For $64.75M
SOLDMultiFamily

Forum Investment Group Acquires Multifamily Property In Kennesaw, GA For $64.75M

2025 Barrett Lakes Boulevard Northwest, Kennesaw, GA 30144

$64,750,000

$53,336/SF

Building Size

1,214 SF

Asset Type

MultiFamily

Closing

May 17, 2020

AI

An multifamily property located at 2025 Barrett Lakes Boulevard in Kennesaw, GA has recently been sold for a total price of $64,750,000. The property consists of 238 units, with an average price per unit of $272,059.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $64,750,000
  • Address: 2025 Barrett Lakes Boulevard, Kennesaw, GA
  • Market: Kennesaw, GA

The buyer of the property is Forum Investment Group, represented by Marc Swerdlow and Darren Fisk. The seller is Passco Companies, represented by William O. Passo, Larry Sullivan, and Thomas Jahncke. The transaction was facilitated by brokers Mike Kemether, Robert Stickel, and Alex Brown from Cushman & Wakefield.

Players

Mike Kemether

Cushman & Wakefield

Broker

$159.6M

vol

3 deals

Broker
FG
Forum Investment GroupBuyer
William O. Passo

William O. Passo

Passco Companies

Seller

$368.4M

vol

5 deals

Seller
PC
Passco CompaniesSeller

Kennesaw 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93