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ECI Group Sells Multifamily Property In Atlanta For $87M With Buyer's Rep Jimmy Baugnon & Broker Kevin Geiger

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SOLD
$87,000,000

Georgia

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MultiFamily
Sold 06/24/2022
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Property Image
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 Deals
MultiFamily
Sold 06/24/2022
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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.

Players

Kevin Geiger
5 deals$585.8M volume
BROKER

SELLER

Details

SOLD
IMAGE: Jimmy Baugnon & Kevin Geiger DATE: 06/24/2022 ADDRESS: 4700 N Hill Pkwy MARKET: Atlanta, GA ASSET TYPE: Multifamily SELLER: ECI Group - Jimmy Baugnon BROKER: Kevin Geiger - CBRE SALE PRICE: $87,000,000 UNITS: 410 ~ PPU: $212,195

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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)-$309,092.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$412,424.39
Annual Debt Service$4,949,092.62