Matt Earl Of Reynolds Asset Management Acquires Multifamily Property In Columbus For $26.2M
$26,195,000
$80/SF
Building Size
325,000 SF
Asset Type
MultiFamily
Closing
Feb 14, 2025
AI
The property asset involved in the transaction is a multifamily asset located at 4653 Refugee Road, Columbus, OH. This asset encompasses a total square footage of 325,000 and consists of 432 units. A loan amount of $26,195,000 was secured for acquisition purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,195,000
- Address: 4653 Refugee Road
- Market: Columbus, OH
- Lender: Bancorp
- Landlord: Reynolds Asset Management (RAM)
- Buyer: Matt Earl - Reynolds Asset Management
- Sales Brokers: George Skaff, Carter Stephens & Julie Mickley - Newmark
- Brokers: Ricky Warner & Henry Stimler - Newmark
The transaction highlights key players including Matt Earl as the buyer, representing Reynolds Asset Management. Ricky Warner and Henry Stimler acted as brokers in this deal through Newmark, alongside sales brokers George Skaff, Carter Stephens, and Julie Mickley, who also operated under the same agency.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93