Updated Oct 28, 2024
Blue Heron Real Estate Opportunity Fund III Sells Multifamily Property In Morrisville, NC For $121.9M
100 Adelaide Circle, Morrisville, NC 27560
$121,900,000
Units
489
Asset Type
MultiFamily
Closing
Oct 27, 2021
About this deal
AI
Blue Heron Real Estate Opportunity Fund III - Michael Eubanks has sold a multifamily property located at 100 Adelaide Circle in Morrisville, NC. The transaction took place on October 27, 2021, with NorthMarq representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $121,900,000
- Address: 100 Adelaide Circle
- Market: Morrisville, NC
The property consists of 489 units, with a price per unit (PPU) of $249,284.
Please note that no additional information was provided regarding the property or individuals involved in the deal.
Players
Morrisville 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93