Eagleview Capital Acquires Multifamily Portfolio In Winston-Salem For $10.5M
2680 Bethabara Road, Winston-Salem, North Carolina 27106, United States
$10,500,000
$68/SF
Building Size
154,000 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
AI
The multifamily property located at 2680 Bethabara Road, 2367 Bethabara Road, and 4349 Grove Avenue in Winston-Salem, NC has been sold. The transaction took place on November 30, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 173
- Price per Unit: $60,695
- Square Footage: 154,000
- Price per Square Foot: $68
The buyer of the property was Eagleview Capital, while the seller was Wickenden Partners represented by Cyrus Mojdehi and Danny Hirschberg. The deal was facilitated by the broker, Michael Deaton.
Players
Winston-Salem 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93