Salman Capital Acquires Property At 108 Dr Martin Luther King Jr BLVD For $70.5M
SOLD
$70,500,000
National
See Similar DealsSOLD
Salman Capital Acquires Property At 108 Dr Martin Luther King Jr BLVD For $70.5M
108 Dr Martin Luther King Jr BLVD, Ne...
See Similar DealsSummary
Transaction Type:Sale
108 Dr Martin Luther King Jr BLVD has been transacted for $70,500,000.00. The property involved in this deal has a square footage of 0, indicating a unique type of transaction.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $70,500,000.00
- Address: 108 Dr Martin Luther King Jr BLVD
- Seller's Representative: Joni Sweetwood (Kislak)
- Buyer: Salman Capital
Salman Capital is the entity that has acquired the property in this transaction, with Joni Sweetwood from Kislak representing the seller's interests throughout the process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,760,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$250,471.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$334,205.97
Annual Debt Service$4,010,471.61
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