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10095 Washington Boulevard,...

Corner Lot Advisors & Midloch Investment Partners Acquire Multifamily Property In Laurel, MD For $35M
SOLDMultiFamily

Corner Lot Advisors & Midloch Investment Partners Acquire Multifamily Property In Laurel, MD For $35M

10095 Washington Boulevard, Laurel, Maryland 20723, United States

$35,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 22, 2022

AI

The multifamily property located at 10095 Washington Blvd N in Laurel, MD has been sold for a price of $35,000,000. The transaction took place on June 23, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $35,000,000
  • Units: 156
  • Price per Unit: $224,359
  • Address: 10095 Washington Blvd N, Laurel, MD
  • Market: Laurel, MD

Corner Lot Advisors & Midloch Investment Partners, represented by Andy Sinclair, purchased the property from Pratt Street Capital. The deal was facilitated by the brokers Robin Williams, Dean Sigmon, Justin Shay, and Michael D’Amelio of Transwestern.

Players

Dean Sigmon

Transwestern

Broker

$647.5M

vol

12 deals

Broker
Midloch Investment Partners
Midloch Investment PartnersBuyer

Laurel 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93