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2219 Town Center Drive, Was...

Updated Oct 28, 2024

Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M
SOLDMultiFamily

Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M

2219 Town Center Drive, Washington, Dc 20020, Usa

$25,700,000

Building Size

Asset Type

MultiFamily

Closing

Oct 5, 2022

About this deal

AI

The multifamily property located at 2219 Town Center Drive in Washington, DC has been sold in a recent transaction. The sale price for this property was $25,700,000. The seller of the property was WC Smith.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $25,700,000
  • Address: 2219 Town Center Drive
  • Market: Washington, DC

The buyer of this property was Enterprise Community Development, Inc, represented by Brian McLaughlin. WC Smith acted as the seller in this transaction.

The multifamily sale at 2219 Town Center Drive, Washington, Dc 20020, Usa in Washington, District of Columbia sold for $25.7M in 2022. 2219 Town Center Drive, Washington, Dc 20020, Usa is classified as Multifamily on Traded. Named participants on the 2219 Town Center Drive, Washington, Dc 20020, Usa sale are Brian McLaughlin. This page is the Washington, District of Columbia file for the 2219 Town Center Drive, Washington, Dc 20020, Usa multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Washington sit in the Market section below. Filter that Washington multifamily set by closing date to see what else sold near 2219 Town Center Drive, Washington, Dc 20020, Usa around 2022. Published consideration for 2219 Town Center Drive, Washington, Dc 20020, Usa is $25.7M, dated 2022. Cite this Enterprise Community Development, Inc Acquires Multifamily Property In Washington, DC From WC Smith For $25.7M sale when underwriting similar multifamily product around Washington, District of Columbia.

Players

Brian McLaughlin

Enterprise Community Development, Inc

Buyer

$75.1M

vol

3 deals

Buyer

Washington 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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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