Leste Group Acquires Multifamily Properties In Columbus, OH For $23.6M
SOLD
$23,600,000
MultiFamily
Sold 08/26/2022
SOLD
Leste Group Acquires Multifamily Properties In Columbus, OH For $23.6M
4388 Walford Street, Columbus, Ohio 43224, United States
See Similar DealsMultiFamily
Sold 08/26/2022
Summary
OHIO
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$83,845.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,876.04
Annual Debt Service$1,342,512.48
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