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
Marietta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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