Updated Oct 28, 2024
Monument Capital Management Sells Multifamily Property In Greenville, SC For $39M
357 Hillandale Road, Greenville, South Carolina 29609, United States
$39,000,000
Units
359
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
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.
On the Map
$39,000,000
MultiFamily
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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