Updated Oct 28, 2024
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
About this deal
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