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648 Whisper Lane, Atlanta, GA

Trion Properties Acquires Atlanta Multifamily For $44M
SOLDMultiFamily

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

Adrie Moses-Bailey

Trion Properties

Broker

$379M

vol

7 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer
One Real Estate Investment
One Real Estate InvestmentSeller

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