Updated Oct 28, 2024
Lionstone Investment Acquires Peachtree Rd NW Multifamily For $69M
3242 Peachtree Road, Atlanta, Georgia 30305, United States
$69,000,000
$709/SF
Building Size
97,200 SF
Asset Type
MultiFamily
Closing
Dec 12, 2021
About this deal
AI
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.
Players
Atlanta 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93