Updated Oct 29, 2024
Charter Hall Ventures Acquires Salisbury Multifamily For $24.5M
701 College Lane, Salisbury, Maryland 21804, United States
$24,500,000
Units
168
Asset Type
MultiFamily
Closing
Nov 30, 2022
About this deal
AI
The Benchmark Group has sold a multifamily property located at 701 College Lane in Salisbury, MD. The property consists of 168 units and was sold for a total price of $24,500,000, resulting in a price per unit of $145,833. The transaction was completed on 11/30/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,500,000
- Address: 701 College Lane, Salisbury, MD
- Market: Salisbury, MD
- Buyer: Charter Hall Ventures
- Seller: The Benchmark Group
- Brokers: Drew White & Carter Wood - Berkadia
- Units: 168
- Price per Unit: $145,833
Drew White and Carter Wood from Berkadia represented both the buyer, Charter Hall Ventures, and the seller, The Benchmark Group, in this transaction.
On the Map
$24,500,000
MultiFamily
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Players
Salisbury 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93