Updated Sep 29, 2026
ANiMAL Group Acquires 270-Unit Multifamily Community In Little River For $52.44M
3465 Sandler Boulevard
$52,440,000
Units
270
Asset Type
MultiFamily
Closing
Sep 28, 2026
About this deal
AI
The Lorrel is a 270-unit multifamily community located at 3465 Sandler Boulevard in Little River, SC. The property was built in 2023 and is 96% leased, reflecting its status as a stabilized Class A asset in the growing Myrtle Beach market. The transaction was completed for a sale price of $52,440,000, resulting in a price per unit of $194,222.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,440,000
- Units: 270
- Price Per Unit: $194,222
- Buyer: ANiMAL Group
- Seller: Wakefield Residential
- Broker: John Mikels - JLL
- Date of Transaction: 09/28/2026
- Market: Little River, SC
JLL Capital Markets facilitated the sale, representing Wakefield Residential as the seller in this transaction. ANiMAL Group acquired the property as part of their investment strategy focusing on stabilized multifamily assets in the region.
On the Map
$52,440,000
MultiFamily
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Players
Little River 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93