Investors Management Group Acquires 250-Unit Multifamily In Central, SC For $42.5M
100 Cross Creek Drive, Central, South Carolina 29630, United States
$42,500,000
$283/SF
Building Size
149,888 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
AI
The multifamily property located at 100 Cross Creek Ct in Central, SC has been sold in a transaction. The property consists of 250 units and was sold for a total price of $42,500,000, resulting in an average price per unit of $170,000. The sale took place on 06/17/2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $42,500,000
- Address: 100 Cross Creek Ct, Central, SC
- Market: Central, SC
Investors Management Group, Inc, represented by Karlin Conklin, acquired the property. The deal was facilitated by broker Will Mathews from Colliers.
Players
Central MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93