Regina Lubin Acquires Multifamily Property In Little River, SC For $48.5M
SOLD
$48,500,000
South Carolina
See Similar DealsMultiFamily
Sold 12/16/2021
SOLD
Regina Lubin Acquires Multifamily Property In Little River, SC For $48.5M
119 River Village Drive, Little River, South Carolina 29566, United States
See Similar DealsMultiFamily
Sold 12/16/2021
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 119 River Village Drive in Little River, SC has been sold. The property consists of 190 units and was sold for a price of $48,500,000, with a per unit price of $255,263.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,500,000
- Units: 190
- Price Per Unit: $255,263
The buyer of the property is Regina Lubin, who represents CWCapital Asset Management.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$172,310.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$229,914.74
Annual Debt Service$2,758,976.92
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