Updated Dec 21, 2023
Magma Equities And Prudent Growth Partners Acquire Multifamily Property In Lincolnton, NC For $17.75M
101 Arbor Run Drive, Lincolnton, North Carolina 28092, United States
$17,750,000
Units
111
Asset Type
MultiFamily
Closing
Jul 10, 2022
About this deal
AI
A multifamily property located at 101 Arbor Run Dr in Lincolnton, NC has been sold for a total of $17,750,000. The property consists of 111 units, resulting in a price per unit of $159,910.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,750,000
- Units: 111
- Price per Unit: $159,910
- Market: Lincolnton, NC
The buyers involved in this transaction are Magma Equities represented by Ryan Hall and Chris Herrlinger, as well as Prudent Growth Partners represented by Tom Hahn.
The multifamily sale at 101 Arbor Run Drive, Lincolnton, North Carolina 28092, United States in Lincolnton, North Carolina sold for $17.8M in 2022. Reported inventory is 111 units across 111 units. This page is the Lincolnton, North Carolina file for the 101 Arbor Run Drive, Lincolnton, North Carolina 28092, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lincolnton sit in the Market section below. Filter that Lincolnton multifamily set by closing date to see what else sold near 101 Arbor Run Drive, Lincolnton, North Carolina 28092, United States around 2022. Published consideration for 101 Arbor Run Drive, Lincolnton, North Carolina 28092, United States is $17.8M, dated 2022. Cite this Magma Equities And Prudent Growth Partners Acquire Multifamily Property In Lincolnton, NC For $17.75M sale when underwriting similar multifamily product around Lincolnton, North Carolina.
Players
Lincolnton 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
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93