Updated Oct 29, 2024
Keystone Management Company Inc Acquires High Ridge Village Apartments In Sanford For $15M
200 High Ridge Drive Sanford, North Carolina 27330, Usa
$15,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2023
About this deal
AI
An LLC linked to Keystone Management Company Inc., a New Hampshire investor known for its properties in the Greater Triangle area, has acquired the High Ridge Village Apartments in Sanford, NC for $15 million. The multifamily property, located at 200 High Ridge Drive, was sold on 08/14/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 200 High Ridge Drive, Sanford, NC
- Market: Sanford, NC
Keystone Management Company Inc, a New Hampshire investor with a strong presence in the Greater Triangle area, made the acquisition of High Ridge Village Apartments. This purchase highlights Keystone Management Company Inc's continued investment in the local real estate market.
Players
Sanford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93