Carter Multifamily Acquires Multifamily Property In Byron, GA From NorthRock Cos For $34.5M
SOLD
$34,500,000
Georgia
See Similar DealsMultiFamily
Sold 01/26/2023
SOLD
Carter Multifamily Acquires Multifamily Property In Byron, GA From NorthRock Cos For $34.5M
9000 Watson Boulevard, Byron, Georgia 31008, United States
See Similar DealsMultiFamily
Sold 01/26/2023
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,840,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$122,571.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$163,547.60
Annual Debt Service$1,962,571.21
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