Carter Multifamily Acquires Multifamily Property In Byron, GA From NorthRock Cos For $34.5M
9000 Watson Boulevard, Byron, Georgia 31008, United States
$34,500,000
Units
200
Asset Type
MultiFamily
Closing
Jan 26, 2023
AI
The multifamily property located at 9000 Watson Blvd in Byron, GA has been sold. The transaction took place on January 26, 2023, with a sale price of $34,500,000. The property consists of 200 units, resulting in a price per unit of $172,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,500,000
- Address: 9000 Watson Blvd, Byron, GA
- Market: Byron, GA
- Buyer: Carter Multifamily
- Seller: NorthRock Cos
- Units: 200
- Price Per Unit: $172,500
Carter Multifamily has acquired the property from NorthRock Cos. The deal was successfully closed, and Carter Multifamily will now take ownership of the property.
Players
Byron 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93