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4388 Walford Street, Columb...

Leste Group Acquires Multifamily Properties In Columbus, OH For $23.6M
SOLDMultiFamily

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

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.

Players

LG
Leste GroupBuyer

Columbus 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

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93