Lionstone Investment Acquires Peachtree Rd NW Multifamily For $69M
SOLD
$69,000,000
Georgia
See Similar DealsMultiFamily97,200 SF
Sold 12/13/2021
SOLD
Lionstone Investment Acquires Peachtree Rd NW Multifamily For $69M
3242 Peachtree Road, Atlanta, Georgia 30305, United States
See Similar DealsMultiFamily97,200 SF
Sold 12/13/2021
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$709
Total Square Footage:97,200 SF
Transaction Type:Sale
The multifamily property located at 3242 Peachtree Rd NW in Atlanta, GA has been sold in a recent transaction. The property consists of 115 units and was sold for a total price of $69,000,000, resulting in a per-unit price of $600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $69,000,000
- Address: 3242 Peachtree Rd NW, Atlanta, GA
- Market: Atlanta, GA
- Buyer: Lionstone Investment
- Seller: Coro Realty - Sam Wilmoth
The buyer in this transaction is Lionstone Investment, while the seller is Coro Realty represented by Sam Wilmoth. This sale represents a significant investment opportunity in the Atlanta multifamily market.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$245,142.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$327,095.20
Annual Debt Service$3,925,142.43
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