Sundance Bay Acquires Multifamily Property In Marietta, GA For $75.5M

3555 Austell Road Southwest, Marietta, Georgia 30060, United States

$75,500,000

Units

344

Asset Type

MultiFamily

Closing

Nov 6, 2022

AI

The multifamily property located at 3555 Austell Road SW in Marietta, GA has been sold. The transaction took place on 11/07/2022, with Sundance Bay as the buyer.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $75,500,000
Address: 3555 Austell Road SW
Market: Marietta, GA

The property consists of 344 units, with a price per unit (PPU) of $219,477.

Players

SB

Sundance BayBuyer

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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93