Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
325 Marymeade Dr, Summerville, SC is a property involved in a sale transaction valued at $33,900,000.00. The property is situated in the Summerville market and covers a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $33,900,000.00
- Buyer: American Landmark Apartments
- Seller: Carter Haston Real Estate Services
- Buyer’s Representative: Alex Okulski - Newmark
- Borrower’s Representative: William (Bill) Weber - Newmark
The transaction involved key representatives from Newmark, highlighting their roles in facilitating the deal. Alex Okulski represented the buyer, while William (Bill) Weber represented the borrower in this sale transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,807,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,439.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$160,703.29
Annual Debt Service$1,928,439.54
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