facebook
Traded Co logo
Submit

PassiveInvesting.com Acquires Multifamily Property In Summerville, South Carolina From Monday Properties

Property Image
SOLD
$79,500,000

South Carolina

See Similar Deals
MultiFamily2,531,495 SF
Sold 11/16/2021
the dealplayerscompscontact
Property Image
SOLD

PassiveInvesting.com Acquires Multifamily Property In Summerville, South Carolina From Monday Properties

900 Owl Wood Lane, Summerville, South Carolina, USA

See Similar Deals
MultiFamily2,531,495 SF
Sold 11/16/2021
the dealplayerscompscontact
Contact now

Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$31
Total Square Footage:2,531,495 SF
Transaction Type:Sale

The multifamily property located at 900 Owl Wood Lane in Summerville, South Carolina has been sold. The property consists of 300 units and was purchased by PassiveInvesting.com for a total sale price of $79,500,000. This translates to an average price per unit of $265,000. The sale was finalized on November 16, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $79,500,000
  • Address: 900 Owl Wood Lane, Summerville, South Carolina
  • Market: Summerville, South Carolina
  • Buyer: PassiveInvesting.com
  • Seller: Monday Properties - Frank Craighill & Adam Carr

The sale of this multifamily property was facilitated by Frank Craighill and Adam Carr, representing Monday Properties. Their expertise and negotiation skills contributed to the successful transaction. This deal marks an important milestone in the real estate market of Summerville, South Carolina.

Players

P
PassiveInvesting.com
BUYER
AC
Monday Properties
Adam Carr
2 deals$210.5M volume
SELLER
Monday Properties
Monday Properties
SELLER

Details

SOLD
IMAGE: Frank Craighill & Adam Carr DATE: 11/16/2021 ADDRESS: 900 Owl Wood Lane MARKET: Summerville, South Carolina ASSET TYPE: Multifamily BUYER: PassiveInvesting.com SELLER: Monday Properties - Frank Craighill & Adam Carr SALE PRICE: $79,500,000 UNITS: 300 ~ PPU: $265,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,240,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$282,446.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$376,870.56
Annual Debt Service$4,522,446.71