Armada Hoffler Sells Annapolis Junction Multifamily For $150M With Jorge Rosa & Anthony Liberto
10125 Junction Drive, Annapolis Junction, Maryland 20701, United States
$150,000,000
$197/SF
Building Size
759,448 SF
Asset Type
MultiFamily
Closing
Jul 24, 2022
AI
Located at 10125 Junction Dr in Annapolis Junction, MD, this multifamily property has been sold in a recent transaction. The property comprises 416 units with a sale price of $150,000,000, resulting in a per unit price of $360,577. The total square footage of the property is 759,448, with a price per square foot of $198.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $150,000,000
- Units: 416
- Price per Unit: $360,577
- Total Square Footage: 759,448
- Price per Square Foot: $198
The seller of this property is Armada Hoffler, represented by Craig Ramiro. The sale was facilitated by brokers Jorge Rosa and Anthony Liberto from Cushman & Wakefield. They played a crucial role in ensuring a successful transaction for both the buyer and the seller.
Players
Annapolis Junction 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93