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Benjamin Farkas Of CSL Partners And Viking Capital Acquire Multifamily Asset In Decatur For $58.5M

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SOLD
$58,500,000

Georgia

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MultiFamily225,000 SF
Sold 12/11/2024
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SOLD

Benjamin Farkas Of CSL Partners And Viking Capital Acquire Multifamily Asset In Decatur For $58.5M

750 Avondale Creek Drive

See Similar Deals
MultiFamily225,000 SF
Sold 12/11/2024

Summary

GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$260
Total Square Footage:225,000 SF
Transaction Type:Sale

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.

Details

SOLD
IMAGE: Benjamin Farkas, Ravi Gupta & Vikram Raya DATE: 12/11/2024 ADDRESS: 750 Avondale Creek Drive MARKET: Decatur, GA ASSET TYPE: Multifamily BUYER: Benjamin Farkas - CSL Partners; Ravi Gupta & Vikram Raya (@VikramRaya) - Viking Capital (@VikingCapital) SALE PRICE: $58,500,000 UNITS: 240 ~ PPU: $243,750 SF: 225,000 ~ PPSF: $260

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