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108 Dr Martin Luther King J...

Updated Oct 29, 2024

Salman Capital Acquires Property At 108 Dr Martin Luther King Jr BLVD For $70.5M
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.

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Players

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker

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

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