Marcus & Millichap Sells Multifamily Property In Greenville, SC For $19M
SOLD
$19,000,000
South Carolina
See Similar DealsMultiFamily120,540 SF
Sold 07/03/2022
SOLD
Marcus & Millichap Sells Multifamily Property In Greenville, SC For $19M
199 Marbella Circle, Greenville, South Carolina 29617, United States
See Similar DealsMultiFamily120,540 SF
Sold 07/03/2022
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$157
Total Square Footage:120,540 SF
Transaction Type:Sale
The multifamily property located at 199 Marbella Cir in Greenville, SC has been sold in a recent transaction. The property spans a total area of 120,540 square feet and consists of 84 units. The transaction was facilitated by brokers William Graves, Nate McDaniel, and Ryan Lipomi from Marcus & Millichap. The sale price for this property was $19,000,000, resulting in a per unit price of $226,190. The price per square foot was calculated at $158.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,000,000
- Units: 84
- Price Per Unit: $226,190
- Total Square Footage: 120,540
- Price Per Square Foot: $158
- Market: Greenville, SC
Brokers William Graves, Nate McDaniel, and Ryan Lipomi from Marcus & Millichap played a crucial role in facilitating this transaction. Their expertise in the real estate market contributed to the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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