Wickenden Partners Acquires Memphis Multifamily For $4.5M
325 South Center Street, Collierville, Tennessee 38017, United States
$4,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 9, 2022
AI
The multifamily property located at 325 S. Center St. in Memphis, TN has been sold in a recent transaction. The sale took place on 05/10/2022, with Wickenden Partners represented by Cyrus Mojdehi & Danny Hirschberg as buyers. The seller in this transaction was Daniel Quinn. Lea Helig acted as the broker for the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Units: 40
- Price per Unit: $112,500
- Square Footage: 34,000
- Price per Square Foot: $132
The buyers of the property, Wickenden Partners, were represented by Cyrus Mojdehi & Danny Hirschberg. On the other hand, the seller in this transaction was Daniel Quinn. The deal was facilitated by broker Lea Helig.
Players
Collierville 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93