ECI Group Sells Multifamily Property In Atlanta For $87M With Buyer's Rep Jimmy Baugnon & Broker Kevin Geiger
SOLD
$87,000,000
Georgia
See Similar DealsMultiFamily
Sold 06/24/2022
SOLD
ECI Group Sells Multifamily Property In Atlanta For $87M With Buyer's Rep Jimmy Baugnon & Broker Kevin Geiger
4700 N Hill Pkwy Atlanta, GA 30341, USA
See Similar DealsMultiFamily
Sold 06/24/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 4700 N Hill Pkwy in Atlanta, GA has been sold for a total price of $87,000,000. The property consists of 410 units, resulting in a price per unit (PPU) of $212,195.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $87,000,000
- Units: 410
- Address: 4700 N Hill Pkwy
- Market: Atlanta, GA
The seller of the property is ECI Group, represented by Jimmy Baugnon. The transaction was facilitated by Kevin Geiger from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,639,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$309,092.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$412,424.39
Annual Debt Service$4,949,092.62
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