Marcus & Millichap Brokers Ben Yelm & Drew Babcock Facilitate $21.5M Multifamily Sale In Raleigh
SOLD
$21,500,000
North Carolina
See Similar DealsMultiFamily
Sold 09/29/2022
SOLD
Marcus & Millichap Brokers Ben Yelm & Drew Babcock Facilitate $21.5M Multifamily Sale In Raleigh
9941 Brier Oak Place, Raleigh, North Carolina 27617, United States
See Similar DealsMultiFamily
Sold 09/29/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,146,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,384.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$101,920.97
Annual Debt Service$1,223,051.63
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