Mill Creek Residential Trust Acquires Multifamily Property In Raleigh, NC For $79M
SOLD
$79,000,000
North Carolina
See Similar DealsMultiFamily
Sold 09/18/2022
SOLD
Mill Creek Residential Trust Acquires Multifamily Property In Raleigh, NC For $79M
6421 Campus Dr, Raleigh, North Carolina 27613, United States
See Similar DealsMultiFamily
Sold 09/18/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 6421 Campus Dr in Raleigh, NC has been sold in a transaction that took place on September 18, 2022. The property was acquired by Mill Creek Residential Trust from the seller, American Landmark, for a total sale price of $79,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $79,000,000
- Address: 6421 Campus Dr, Raleigh, NC
- Market: Raleigh, NC
Mill Creek Residential Trust acted as the buyer in this transaction, while American Landmark served as the seller. This sale represents a significant investment in the multifamily market in Raleigh, NC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,213,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$280,670.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$374,500.30
Annual Debt Service$4,494,003.65
Is there something missing? Send suggestions