Updated Jun 29, 2026
SOLDMultiFamily
FCP, Insight Property Group & AHC Acquire Multifamily Asset In Largo, MD For $71.9M
9701 Summit Circle
$71,900,000
Units
245
Asset Type
MultiFamily
Closing
Mar 25, 2022
About this deal
AI
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.
On the Map
$71,900,000
MultiFamily
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Upper Marlboro 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93