Trion Properties Acquires 267-Unit Multifamily Property In Atlanta, GA For $44M
SOLD
$44,000,000
+ 1
Georgia
See Similar DealsMultiFamily270,703 SF
SOLD
Trion Properties Acquires 267-Unit Multifamily Property In Atlanta, GA For $44M
648 Whisper Lane
See Similar DealsMultiFamily270,703 SF
+ 1
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:270,703 SF
Transaction Type:Sale
An exquisite multifamily property located at 648 Whisper Ln in Atlanta, GA has recently been sold in a closed transaction. This property encompasses a total of 267 units with each unit having a price per unit (PPU) of $164,794. Additionally, the property spans over 270,703 square feet, with a price per square foot (PPSF) of $163. The sale price of this remarkable property amounted to $44,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Units: 267
- Price per Unit: $164,794
- Square Footage: 270,703
- Price per Square Foot: $163
This remarkable acquisition was completed by Trion Properties, represented by Max Sharkansky, Mitch Paskover, Adrie Bailey, and Felipe Montes de Oca. On the other hand, One Real Estate Investment acted as the seller in this transaction. The involvement of these key individuals and companies adds further depth to the significance of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,322.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,582.45
Annual Debt Service$2,502,989.37
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