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357 Hillandale Road, Greenv...

Monument Capital Management Sells Multifamily Property In Greenville, SC For $39M
SOLDMultiFamily

Monument Capital Management Sells Multifamily Property In Greenville, SC For $39M

357 Hillandale Road, Greenville, South Carolina 29609, United States

$39,000,000

Building Size

Asset Type

MultiFamily

Closing

Sep 11, 2022

AI

The multifamily property located at 357 Hillandale Rd in Greenville, SC has been sold. The property consists of 359 units and was sold by Monument Capital Management. The sale was facilitated by broker Tai Cohen from Cushman & Wakefield. The transaction was completed on 09/12/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $39,000,000
  • Units: 359
  • Price per Unit: $108,635
  • Market: Greenville, SC

Tai Cohen from Cushman & Wakefield represented the seller, Monument Capital Management, in the sale of this multifamily property. The transaction highlights the expertise and negotiation skills of Tai Cohen as a broker in successfully completing a significant deal in the Greenville market.

Players

Tai Cohen

Cushman & Wakefield

Broker

$153.1M

vol

3 deals

Broker
Monument Capital Management
Monument Capital ManagementSeller

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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93