Frankforter Group Acquires Multifamily Property In Atlanta For $126.9M
369 Centennial Olympic Park Drive Northwest, Atlanta, Georgia 30313, United States & 369 Centennial Olympic Park Drive Northwest
$126,900,000
$1,881/SF
Building Size
67,431 SF
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
The multifamily property located at 369 Centennial Olympic Park Drive in Atlanta has been sold for a price of $126,900,000. The sale was finalized on December 23, 2021. The property spans across 1.8 acres and consists of 336 units. The purchase price per unit was $377,679. The buyer in this transaction was the Frankforter Group, while the seller was Kaplan Residential.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $126,900,000
- Address: 369 Centennial Olympic Park Drive, Atlanta
- Market: Atlanta
- Acres: 1.8
- Units: 336
- Price per Unit: $377,679
The Frankforter Group acted as the buyer, while Kaplan Residential represented the seller in this property transaction.
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93