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100 Dunkirk Road, Asheville...

Capital Square Acquires Multifamily Asset In Asheville, NC For $73.1M
SOLDMultiFamily

Capital Square Acquires Multifamily Asset In Asheville, NC For $73.1M

100 Dunkirk Road, Asheville, North Carolina 28803, United States

$73,100,000

Building Size

Asset Type

MultiFamily

Closing

Sep 8, 2022

AI

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

The deal was facilitated by the buyer's representatives, Michael Saclarides, Devin Bryan, and Jacqui Aaron from Cushman & Wakefield.

Players

Michael Saclarides

Cushman & Wakefield

Broker

$403.9M

vol

3 deals

Broker
CS
Capital SquareBuyer

Asheville 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93