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
- 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
Asheville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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