Investcorp Acquires Multifamily Portfolio In Sandy Springs, Norcross, Phoenix, And North Richland Hills For $420M
501 Northridge Rd, Sandy Springs, GA, USA
$420,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 13, 2020
AI
The multifamily properties located at 501 Northridge Rd, 100 Chase Common Dr, 17425 N 19th Ave, 15202 N 40th St, and 8359 N Harwood Rd have been sold in a closed transaction. These properties are situated in Sandy Springs, GA, Norcross, GA, Phoenix, AZ, and North Richland Hills, TX respectively.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $420,000,000
- Units: 2,228
- Price Per Unit: $188,509
The buyer of these properties is Investcorp represented by Michael O’Brien.
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93