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10125 Junction Drive, Annap...

Armada Hoffler Sells Annapolis Junction Multifamily For $150M With Jorge Rosa & Anthony Liberto
SOLDMultiFamily

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

Jorge Rosa

Cushman & Wakefield

Broker

$201.4M

vol

7 deals

Broker
AH
Armada HofflerSeller

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