JCR Cos Purchases Property At 10010 Sowder Village Square For $31 Million With Brokers Jordan Lex And John Owendoff
10010 Sowder Village Square, Manass...
$31,000,000
$304/SF
Building Size
101,990 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is located at 10010 Sowder Village Square, Manassas, New York. It was sold for a price of $31,000,000.00, covering a total square footage of 101,990.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $31,000,000.00
- Address: 10010 Sowder Village Square, Manassas
- Market: New York
- Square Footage: 101,990
- Seller's Representatives: Jordan Lex-JLL, John Owendoff-Cushman & Wakefield
- Buyer: JCR Cos
- Seller: Not specified
Key individuals involved in the transaction include the buyer, JCR Cos, and the seller's representatives, Jordan Lex from JLL and John Owendoff from Cushman & Wakefield, ensuring proper representation and facilitation of the deal.
Players
New York 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93