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The Hallmark Companies Inc Acquires 208 Unit Multifamily In Savannah For $25.1M With Fannie Mae Financing
SOLD
$25,100,000
Georgia
See Similar DealsMultiFamily
Sold 11/07/2025
SOLD
The Hallmark Companies Inc Acquires 208 Unit Multifamily In Savannah For $25.1M With Fannie Mae Financing
8505 Waters Avenue
See Similar DealsMultiFamily
Sold 11/07/2025
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 8505 Waters Avenue in Savannah, GA, with a sale price of $25,100,000. The property consists of 208 units, resulting in a per unit price of $120,673.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,100,000
- Buyer: The Hallmark Companies, Inc
- Lender: Fannie Mae
- Units: 208
- Per Unit Price: $120,673
- Sale Date: 11/07/2025
- Market: Savannah, GA
- Broker Representatives: Brooks Colquitt & Christopher Lyon - Newmark
Newmark facilitated both the sale and financing, arranging $18.5 million in Fannie Mae financing for the property. Brooks Colquitt and Christopher Lyon represented the undisclosed seller during the transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$89,174.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,986.81
Annual Debt Service$1,427,841.67
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