Updated Oct 28, 2024
Leste Group Acquires Multifamily Properties In Columbus, OH For $23.6M
4388 Walford Street, Columbus, Ohio 43224, United States
$23,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
The multifamily properties located at 4388 Walford St, 1980 Belcher Drive, 2300 Fitzroy Place South, and 869 E. Dublin Grandville Road in Columbus, OH were recently sold in a closed transaction. The sale was facilitated by Leste Group and Jordan Suppan & SAR Apartment Capital as the buyers. The transaction price for this multifamily portfolio was $23,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Market: Columbus, OH
- Buyer: Leste Group - Jordan Suppan & SAR Apartment Capital
This transaction involved the acquisition of four multifamily properties in Columbus, OH. The buyer, Leste Group, partnered with Jordan Suppan & SAR Apartment Capital to complete the purchase. This deal represents a significant investment opportunity in the Columbus market.
On the Map
$23,600,000
MultiFamily
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Players
Columbus MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93