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199 Marbella Circle, Greenv...

Marcus & Millichap Sells Multifamily Property In Greenville, SC For $19M
SOLDMultiFamily

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

William Graves

Marcus & Millichap

Broker

$44.1M

vol

8 deals

Broker

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