Updated Oct 28, 2024
MAAC Properties Acquires Multifamily Asset In Greensboro, NC For $16.5M
1370 Lees Chapel Road, Greensboro, North Carolina 27455, United States
$16,500,000
Units
128
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
The multifamily property located at 1370 Lees Chapel Rd. in Greensboro, NC was recently sold for a total price of $16,500,000. The sale took place on 03/29/2022, and the property consists of 128 units. The price per unit (PPU) for this transaction is $128,906.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Address: 1370 Lees Chapel Rd.
- Market: Greensboro, NC
- Buyer: MAAC Properties - Tony Azar
- Seller: Chapel Walk Equity Partners - Nizan Mosery
- Brokers: Daniel Shabtai & Mike Kerwin - Rosewood Realty Group
The buyer in this transaction is MAAC Properties, represented by Tony Azar, while the seller is Chapel Walk Equity Partners, represented by Nizan Mosery. The deal was facilitated by Daniel Shabtai and Mike Kerwin from Rosewood Realty Group.
On the Map
$16,500,000
MultiFamily
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Players
Greensboro 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93