Castle Lanterra Properties Acquires Property In Suitland For $52 Million With Transwestern's Representation
3930 Suitland Rd, Morningside, MD, 2...
$52,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 24, 2019
AI
The property involved in the transaction is located at 3930 Suitland Rd, Morningside, MD, within the Suitland market. The transaction price was $52,000,000.00, and the property has a square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $52,000,000.00
- Address: 3930 Suitland Rd, Morningside, MD
- Market: Suitland
- Seller's Representative: Justin Shay, Dean Sigmon - Transwestern
- Buyer: Castle Lanterra Properties
This transaction involved key individuals including Justin Shay and Dean Sigmon, who represented the seller. Castle Lanterra Properties was the buyer in this deal, facilitating the sale in the Suitland market area.
Players
Suitland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93