Updated Oct 28, 2024
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
About this deal
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