Armada Hoffler Sells Annapolis Junction Multifamily For $150M With Jorge Rosa & Anthony Liberto
SOLD
$150,000,000
Maryland
See Similar DealsMultiFamily759,448 SF
Sold 07/25/2022
SOLD
Armada Hoffler Sells Annapolis Junction Multifamily For $150M With Jorge Rosa & Anthony Liberto
10125 Junction Drive, Annapolis Junction, Maryland 20701, United States
See Similar DealsMultiFamily759,448 SF
Sold 07/25/2022
Summary
MARYLAND
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:759,448 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,999,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$532,918.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$711,076.53
Annual Debt Service$8,532,918.32
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