SOLDMultiFamily
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
$87,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 23, 2022
AI
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
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93