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2751 Hammondton Road, Marie...

Lexington Partners Acquires Marietta Multifamily For $39.85M
SOLDMultiFamily

Lexington Partners Acquires Marietta Multifamily For $39.85M

2751 Hammondton Road, Marietta, Georgia 30060, United States

$39,850,000

Building Size

Asset Type

MultiFamily

Closing

Apr 21, 2023

AI

The multifamily property located at 2751 Hammondton Road in Marietta, GA has been sold for a total price of $39,850,000. The property consists of 257 units, with a per unit price of $155,058. The sale was facilitated by brokers Taylor Brown, Chandler Brown, Cory Caroline Sams, and Barden Brown from GREA, representing the seller, Fillmore Capital Partners, and the buyer, Lexington Partners.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $39,850,000
  • Address: 2751 Hammondton Road
  • Market: Marietta, GA
  • Units: 257
  • Price Per Unit: $155,058

The transaction brings together Fillmore Capital Partners as the seller and Lexington Partners as the buyer. The deal was successfully negotiated by Taylor Brown, Chandler Brown, Cory Caroline Sams, and Barden Brown from GREA, who represented their respective clients throughout the process.

Players

Cory Caroline Sams

Global Real Estate Advisors (GREA)

Broker

$159.8M

vol

5 deals

Broker
LP
Lexington PartnersBuyer

Marietta 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

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93