Updated Oct 28, 2024
OneWall Communities Acquires Multifamily Property In Camp Springs For $23M
5215 Morris Avenue, Suitland, Maryland 20746, United States
$23,000,000
Units
178
Asset Type
MultiFamily
Closing
Oct 23, 2022
About this deal
AI
The multifamily property located at 5215 Morris Ave #5 in Camp Springs, Suitland, MD has been sold in a closed transaction. The property consists of 178 units and was sold for a total price of $23,000,000, resulting in an average price per unit of $129,213.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Address: 5215 Morris Ave #5, Camp Springs, Suitland, MD
- Market: Suitland, MD
- Buyer: OneWall Communities
- Seller: Railfield Realty Partners
- Broker: CBRE
- Units: 178
- Price Per Unit: $129,213
In this transaction, OneWall Communities acted as the buyer, while Railfield Realty Partners was the seller. CBRE represented the buyer and seller as the broker.
On the Map
$23,000,000
MultiFamily
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Players
Suitland 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93