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3901 Suitland Rd, Suitland-...

Strategic Realty Holdings Acquires Property At 3901 Suitland Rd For $45.8 Million
SOLDMultiFamily

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

Dean Sigmon

Transwestern

Broker

$647.5M

vol

12 deals

Broker
SH
Strategic Realty HoldingsBuyer

Silverhill 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93