Updated Oct 28, 2024
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
About this deal
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.
On the Map
$42,500,000
$283/SF
MultiFamily
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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