Strategic Realty Holdings Acquires Property At 3901 Suitland Rd For $45.8 Million
3901 Suitland Rd, Suitland-Silver Hill...
$45,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 11, 2019
AI
The property asset involved in this transaction is located at 3901 Suitland Rd, Suitland-Silver Hill within the Silverhill market. The property was sold for a total of $45,800,000.00 and the size details provided indicate 0 square feet.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $45,800,000.00
- Address: 3901 Suitland Rd, Suitland-Silver Hill
- Market: Silverhill
- Seller's Representative: Justin Shay, Dean Sigmon - Transwestern
- Buyer: Strategic Realty Holdings
The representation of the seller in this transaction was conducted by Justin Shay and Dean Sigmon from Transwestern, while the buyer was Strategic Realty Holdings. This transaction reflects a significant investment in the Silverhill market by Strategic Realty Holdings, emphasizing their active role in property acquisition.
Players
Silverhill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93