Marcus & Millichap Sells Multifamily Property In Greenville, SC For $19M
199 Marbella Circle, Greenville, South Carolina 29617, United States
$19,000,000
$157/SF
Building Size
120,540 SF
Asset Type
MultiFamily
Closing
Jul 2, 2022
AI
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.
Players
Greenville 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93