FCP, Insight Property Group & AHC Acquire Multifamily Asset In Largo, MD For $71.9M
SOLD
$71,900,000
Maryland
See Similar DealsMultiFamily
Sold 03/25/2022
SOLD
FCP, Insight Property Group & AHC Acquire Multifamily Asset In Largo, MD For $71.9M
9701 Summit Circle
See Similar DealsMultiFamily
Sold 03/25/2022
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 9701 Summit Circle in Largo, Maryland has been sold. The property consists of 245 units and was sold by Camden Property Trust to FCP, Insight Property Group, and AHC. The transaction was facilitated by brokers Chris Doerr and Will Harvey of Walker & Dunlop. The sale price for the property was $71,900,000, resulting in a per unit price of $293,469.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $71,900,000
- Units: 245
- Price per Unit (PPU): $293,469
FCP, Insight Property Group, and AHC have successfully acquired the multifamily property at 9701 Summit Circle in Largo, Maryland from Camden Property Trust. The transaction was facilitated by brokers Chris Doerr and Will Harvey, representing Walker & Dunlop. This deal marks a significant investment in the Largo real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,834,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$255,445.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$340,842.68
Annual Debt Service$4,090,112.18
Is there something missing? Send suggestions