Updated Oct 28, 2024
Excelsa Properties Acquires 276-Unit Multifamily In Fort Mill For $61.5M
355 Amistead Avenue, Fort Mill, South Carolina 29708, United States
$61,500,000
Units
276
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
The multifamily property located at 355 Amistead Ave in Fort Mill, SC has been sold. The property, known as Fox Hunt Farms Apartments, consists of 276 units. The sale price for this transaction was $61,500,000, resulting in a per unit price of approximately $222,826.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $61,500,000
- Units: 276
- Per Unit Price: $222,826
- Market: Fort Mill, SC
Excelsa Properties, represented by David Fletcher from Stronghold Capital Partners, acted as the buyer in this transaction. The seller of the property was Fox Hunt Farms Apartments.
Players
Fort Mill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse South Carolina multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93