Benjamin Farkas Of CSL Partners And Viking Capital Acquire Multifamily Asset In Decatur For $58.5M
750 Avondale Creek Drive
$58,500,000
$260/SF
Building Size
225,000 SF
Asset Type
MultiFamily
Closing
Dec 11, 2024
AI
The property asset involved in this transaction is a multifamily unit located at 750 Avondale Creek Drive in Decatur, GA. The asset encompasses a total of 240 units, with a sale price of $58,500,000. The overall square footage of the property is 225,000, resulting in a price per unit of $243,750 and a price per square foot of $260.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $58,500,000
- Units: 240
- Square Footage: 225,000
- Price per Unit: $243,750
- Price per Square Foot: $260
- Buyer: Benjamin Farkas - CSL Partners; Ravi Gupta & Vikram Raya - Viking Capital
The key individuals involved in this deal include Benjamin Farkas representing CSL Partners, and Ravi Gupta and Vikram Raya representing Viking Capital. Their collective efforts facilitated the transaction, marking a notable acquisition in the multifamily market.
Players
Decatur 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93