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Lexington Partners Acquires Marietta Multifamily For $39.85M

Property Image
SOLD
$39,850,000
Taylor Brown
Cory Caroline Sams
+ 1

Georgia

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MultiFamily
Sold 04/21/2023
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Property Image
SOLD

Lexington Partners Acquires Marietta Multifamily For $39.85M

2751 Hammondton Road, Marietta, Georgia 30060, United States

See Similar Deals
MultiFamily
Sold 04/21/2023
Taylor Brown
Cory Caroline Sams
+ 1
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

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
5 deals$159.8M volume
BROKER

Chandler Brown
Global Real Estate Advisors (GREA)
5 deals$143.8M volume(678) 894-2225
BROKER

Taylor Brown
Global Real Estate Advisors (GREA)
8 deals$198.1M volume(678) 894-2219
BROKER

Barden Brown
Global Real Estate Advisors (GREA)
4 deals$100.7M volume(678) 428-9871
BROKER

BUYER

Details

SOLD
IMAGE: Taylor Brown, Chandler Brown, Cory Caroline Sams & Barden Brown DATE: 04/21/2023 ADDRESS: 2751 Hammondton Road MARKET: Marietta, GA ASSET TYPE: Multifamily BUYER: Lexington Partners. SELLER: Fillmore Capital Partners BROKERS: Taylor Brown, Chandler Brown, Cory Caroline Sams & Barden Brown - GREA SALE PRICE: $39,850,000 UNITS: 257 ~ PPU: $155,058

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,125,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$141,578.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$188,909.33
Annual Debt Service$2,266,911.97