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
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