Updated Oct 28, 2024
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
Units
2,228
Asset Type
MultiFamily
Closing
Jul 13, 2020
About this deal
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.
The multifamily sale at 501 Northridge Rd, Sandy Springs, GA, USA in Atlanta, Georgia sold for $420M in 2020. Reported inventory is 2228 units across 2228 units. Named participants on the 501 Northridge Rd, Sandy Springs, GA, USA sale are Michael O'brien. This page is the Atlanta, Georgia file for the 501 Northridge Rd, Sandy Springs, GA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Atlanta sit in the Market section below. Filter that Atlanta multifamily set by closing date to see what else sold near 501 Northridge Rd, Sandy Springs, GA, USA around 2020. Published consideration for 501 Northridge Rd, Sandy Springs, GA, USA is $420M, dated 2020. Cite this Investcorp Acquires Multifamily Portfolio In Sandy Springs, Norcross, Phoenix, And North Richland Hills For $420M sale when underwriting similar multifamily product around Atlanta, Georgia.
On the Map
$420,000,000
MultiFamily
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Atlanta MultiFamily Market Snapshot
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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