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27a Johnny Morrall Circle

Updated Sep 22, 2026

Charles Henry Lee Of Starka Properties Acquires Mossy Oaks Apartments In Beaufort For $14M
SOLDMultiFamily

Charles Henry Lee Of Starka Properties Acquires Mossy Oaks Apartments In Beaufort For $14M

27a Johnny Morrall Circle

$14,000,000

Units

96

Asset Type

MultiFamily

Closing

Jun 22, 2026

About this deal

AI

The property involved in this transaction is a multifamily asset located at 27a Johnny Morrall Circle in Beaufort, SC. It comprises 96 units, with a price per unit at $145,833. The total sale price for the asset was $14,000,000.

Summary of transaction details:

Northmarq’s investment sales team facilitated the sale of Mossy Oaks Apartments through a competitive marketing process. The auction attracted multiple bids and successfully identified Starka Properties as the buyer.

On the Map

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$14,000,000

MultiFamily

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Players

Ron Corrao

NorthMarq

Broker

$294.5M

vol

15 deals

Broker

Charles Henry Lee

Starka Properties

Buyer

$14M

vol

1 deal

Buyer
D
DominiumSeller

Joanna MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $145.8K per unit across 96 units on a published $14M (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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