Updated Oct 28, 2024
Village Circle Way Owner LLC Acquires Multifamily In Manchester For $121.5M
60 Village Circle Way, Manchester, New Hampshire 03102, United States
$121,500,000
Units
448
Asset Type
MultiFamily
Closing
Mar 31, 2022
About this deal
AI
The multifamily property located at 60 Village Cir Way in Manchester, NH has been sold for a transaction amount of $121,500,000. The property consists of 448 units with a price per unit of $271,205. The sale was completed on April 1, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $121,500,000
- Units: 448
- Price Per Unit: $271,205
- Address: 60 Village Cir Way, Manchester, NH
- Market: Manchester, NH
The buyer, Village Circle Way Owner LLC, acquired the property from the seller, Merion Countryside LP. The deal was facilitated by brokers Simon Butler, Biria St. John, and John McLaughlin of CBRE.
Players
Manchester 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93