Lauth Communities Acquires 144-Unit Multifamily In Bowling Green, KY For $19.5M
280 Cumberland Trace Road, Bowling Green, KY, USA
$19,500,000
$112/SF
Building Size
173,947 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
AI
The multifamily property located at 280 Cumberland Trace Rd. in Bowling Green, KY has been sold for a total of $19,500,000. The transaction took place on June 25, 2021. The property consists of 144 units, resulting in a per unit price of $135,416.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,500,000
- Address: 280 Cumberland Trace Rd.
- Market: Bowling Green, KY
The buyer of the property is Lauth Communities, represented by Michael Garvey. The seller is Miller Frishman. The brokers involved in the transaction are Jay Weiner and Jonathan Brody from Rosewood Real Estate Group.
Players
Bowling Green 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93