SOLD
Salman Capital Acquires Property At 108 Dr Martin Luther King Jr BLVD For $70.5M
108 Dr Martin Luther King Jr BLVD, Ne...
$70,500,000
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
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.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93