Marcus & Millichap Brokers Ben Yelm & Drew Babcock Facilitate $21.5M Multifamily Sale In Raleigh
9941 Brier Oak Place, Raleigh, North Carolina 27617, United States
$21,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 28, 2022
AI
A multifamily property located at 9941 Brier, Cameron Oaks Pl in Raleigh, NC has been sold in a closed transaction. The property consists of 144 units and was sold for a total price of $21,500,000, resulting in an average price per unit of $149,306.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,500,000
- Units: 144
- Average Price Per Unit: $149,306
- Location: 9941 Brier, Cameron Oaks Pl, Raleigh, NC
The sale of this multifamily property was facilitated by brokers Ben Yelm and Drew Babcock from Marcus & Millichap.
Players
Raleigh MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93