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801 Elmcroft Boulevard

Updated Dec 4, 2024

Peterson Companies Acquires Huntington At King Farm Multifamily In Rockville For $135.5M
SOLDMultiFamily

Peterson Companies Acquires Huntington At King Farm Multifamily In Rockville For $135.5M

801 Elmcroft Boulevard

$135,500,000

Units

402

Asset Type

MultiFamily

Closing

Sep 27, 2023

About this deal

AI

Peterson Companies has expanded its Washington, D.C., portfolio with the acquisition of the 402-unit multifamily community known as Huntington at King Farm in Rockville, Maryland. The property, located at 801 Elmcroft Boulevard, was purchased for $135.5 million.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $135,500,000
  • Address: 801 Elmcroft Boulevard, Rockville, MD
  • Market: Rockville, MD
  • Units: 402
  • Price Per Unit (PPU): $337,065

Jon M. Peterson, representing Peterson Companies, served as the buyer in this transaction. The acquisition marks a significant addition to Peterson Companies' Washington, D.C., portfolio.

Players

Rockville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $337.1K per unit across 402 units on a published $135.5M (2023).

Browse Rockville multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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