Trion Properties Acquires Atlanta Multifamily For $44M
648 Whisper Lane, Atlanta, GA
$44,000,000
$162/SF
Building Size
270,703 SF
Asset Type
MultiFamily
Closing
Sep 20, 2022
AI
The multifamily property located at 648 Whisper Ln in Atlanta, GA has been sold in a recent transaction. The sale was completed by Trion Properties represented by Max Sharkansky, Mitch Paskover, Adrie Bailey, and Felipe Montes de Oca. The buyer acquired the property from One Real Estate Investment. The sale price for this transaction amounted to $44,000,000.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Address: 648 Whisper Ln, Atlanta, GA
- Buyer: Trion Properties - Max Sharkansky, Mitch Paskover, Adrie Bailey, Felipe Montes de Oca
- Seller: One Real Estate Investment
The property consists of 267 units, resulting in an average price per unit of $164,794. The total square footage of the property is 270,703, equating to a price per square foot of $163.
Players
Austell 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93