Updated Oct 28, 2024
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
About this deal
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
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