Monument Capital Management Sells Multifamily Property In Greenville, SC For $39M
SOLD
$39,000,000
South Carolina
See Similar DealsMultiFamily
Sold 09/12/2022
SOLD
Monument Capital Management Sells Multifamily Property In Greenville, SC For $39M
357 Hillandale Road, Greenville, South Carolina 29609, United States
See Similar DealsMultiFamily
Sold 09/12/2022
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,080,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$138,558.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$184,879.90
Annual Debt Service$2,218,558.76
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