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OneWall Communities Acquires Multifamily Property In Temple Hills For $97M

Property Image
SOLD
$97,000,000
Michael D’Amelio
Justin Shay
+ 4

Maryland

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MultiFamily
Sold 03/03/2022
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Property Image
SOLD

OneWall Communities Acquires Multifamily Property In Temple Hills For $97M

5837 Fisher Rd, Temple Hills, MD 20748

See Similar Deals
MultiFamily
Sold 03/03/2022
Michael D’Amelio
Justin Shay
+ 4
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Summary

MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale

OneWall Communities has acquired a multifamily property located at 5837 Fisher Road in Temple Hills, Md. The property spans 21 acres and was sold by Hampshire Properties for a total sale price of $97,000,000. The transaction was completed on 03/03/2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $97,000,000
  • Address: 5837 Fisher Road, Temple Hills, Md
  • Market: Temple Hills, Md
  • Acres: 21

The buyer, OneWall Communities, was represented by Nate Kline. The seller was Hampshire Properties. The deal was brokered by Dean Sigmon, Robin Williams, Justin Shay, and Michael D’Amelio from Transwestern. The mortgage brokers involved in the transaction were Joanne Williams and Steven Doherty from CBRE.

Players

Steven Doherty
2 deals$176M volume
BROKER

Dean Sigmon
Transwestern
12 deals$647.5M volume
BROKER

Justin Shay
Transwestern
11 deals$532.5M volume
BROKER

Robin Williams
Transwestern
3 deals$152M volume
BROKER

Michael D’Amelio
Transwestern
4 deals$172M volume
BROKER

Joanne Williams
CBRE
1 deal$97M volume
BROKER


SELLER

Details

SOLD
IMAGE: Dean Sigmon, Robin Williams, Nate Kline, Justin Shay & Michael D’Amelio DATE: 03/03/2022 ADDRESS: 5837 Fisher Road MARKET: Temple Hills, Md ASSET TYPE: Multifamily ~ ACRES: 21 BUYER: OneWall Communities - Nate Kline SELLER: Hampshire Properties BROKERS: Dean Sigmon, Robin Williams, Justin Shay & Michael D’Amelio - Transwestern MORTGAGE BROKERS: Joanne Williams & Steven Doherty - CBRE SALE PRICE: $97,000,000 UNITS: 459 ~ PPU: $211,329

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,173,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$344,620.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$459,829.49
Annual Debt Service$5,517,953.85