Capital Square Acquires Multifamily Asset In Asheville, NC For $73.1M
SOLD
$73,100,000
North Carolina
See Similar DealsMultiFamily
Sold 09/09/2022
SOLD
Capital Square Acquires Multifamily Asset In Asheville, NC For $73.1M
100 Dunkirk Road, Asheville, North Carolina 28803, United States
See Similar DealsMultiFamily
Sold 09/09/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this closed transaction is a multifamily asset located at 100 River Mill Dr and 500 S Skyloft Dr in Asheville, NC. The sale price for this property was $73,100,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,100,000
- Market: Asheville, NC
- Buyer: Capital Square
- Brokers: Michael Saclarides, Devin Bryan, and Jacqui Aaron - Cushman & Wakefield
The deal was facilitated by the buyer's representatives, Michael Saclarides, Devin Bryan, and Jacqui Aaron from Cushman & Wakefield.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,898,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$259,708.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,531.29
Annual Debt Service$4,158,375.53
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