Updated Dec 4, 2024
Vikram Aneja's Emma Capital Acquires Lancaster Ridge Apartments In Canton, GA For $26.1M
800 Hickory Knoll Drive
$26,100,000
Units
145
Asset Type
MultiFamily
Closing
Oct 18, 2023
About this deal
AI
Lancaster Ridge Apartments, a 145-unit apartment community located at 800 Hickory Knoll Drive in Canton, GA, has been sold for $26.1 million. The multifamily asset was acquired by Vikram Aneja, representing Emma Capital, in a transaction facilitated by Chad DeFoor, Eric Liebich, Jake Reid, and Ron Corrao of Capstone Companies.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,100,000
- Units: 145
- Price Per Unit: $180,000
- Market: Canton, GA
Capstone Companies recently announced the sale of Lancaster Ridge Apartments, underscoring the successful transfer of ownership for this apartment community in the Canton submarket of greater Atlanta, Georgia.
On the Map
$26,100,000
MultiFamily
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Canton 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93