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Banyan Investment Group Acquires Multifamily Property In Gainesville, GA For $9.1M

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SOLD
$9,100,000

Georgia

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MultiFamily
Sold 01/06/2023
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SOLD

Banyan Investment Group Acquires Multifamily Property In Gainesville, GA For $9.1M

3656 Browns Bridge Road

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MultiFamily
Sold 01/06/2023
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 3656 Browns Bridge Road in Gainesville, GA has been sold. The property consists of 66 units and was sold for a total of $9,100,000, resulting in a per unit price of $137,879. The transaction was completed on January 6, 2023. The buyer of the property was Banyan Investment Group, while the seller was Zavala Capital. The brokers involved in the deal were Taylor Brown and John A. Topping Jr from Global Real Estate Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,100,000
  • Address: 3656 Browns Bridge Road, Gainesville, GA
  • Market: Gainesville, GA
  • Buyer: Banyan Investment Group
  • Seller: Zavala Capital
  • Brokers: Taylor Brown & John A. Topping Jr - Global Real Estate Advisors
  • Units: 66
  • Price Per Unit: $137,879

The sale of this multifamily property represents a significant transaction within the Gainesville, GA market. Banyan Investment Group successfully acquired the property from Zavala Capital, with the assistance of Taylor Brown and John A. Topping Jr from Global Real Estate Advisors. This transaction highlights the continued activity and investment in the multifamily sector in Gainesville, GA.

Players

Taylor Brown
8 deals$198.1M volume(678) 894-2219
BROKER

John A. Topping Jr
Global Real Estate Advisors (GREA)
4 deals$69.1M volume(404) 538-7875
BROKER

BUYER

Details

SOLD
IMAGE: Taylor Brown & John A. Topping Jr DATE: 01/06/2023 ADDRESS: 3656 Browns Bridge Road MARKET: Gainesville, GA ASSET TYPE: Multifamily BUYER: Banyan Investment Group SELLER: Zavala Capital BROKERS: Taylor Brown & John A. Topping Jr - Global Real Estate Advisors SALE PRICE: $9,100,000 UNITS: 66 ~ PPU: $137,879

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
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