Aulder Capital Acquires Multifamily Property In Myrtle Beach & Conway, SC From Eskay Management
902 67th Avenue North, Myrtle Beach, South Carolina 29572, United States
$27,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 15, 2022
AI
The multifamily property located at 902 67th Ave N & 555 Wild Wing Blvd in Myrtle Beach & Conway, SC has been sold for a total of $27,600,000. The sale was completed on 08/16/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $27,600,000
- Buyer: Aulder Capital
- Seller: Eskay Management
- Brokers: Mark Boyce & Blake Coffey - Berkadia
Aulder Capital has acquired the property from Eskay Management with the assistance of Mark Boyce & Blake Coffey from Berkadia.
Players
Myrtle Beach 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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93