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14080 Central Loop, Woodbri...

Artemis Real Estate Partners Acquires Property At 14080 Central Loop In Woodbridge With CBRE's Representation
SOLD

Artemis Real Estate Partners Acquires Property At 14080 Central Loop In Woodbridge With CBRE's Representation

14080 Central Loop, Woodbridge, VA...

Building Size

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in the transaction is HarborChase of Prince William Commons, located at 14080 Central Loop, Woodbridge, VA. This is a Class A seniors housing community built in 2018, featuring a three-story building that includes 127 units designated for assisted living, transitional memory care, and memory care. The market for this property is Woodbridge.

Summary of transaction details:

  • Property Type: Seniors Housing Community
  • Transaction Amount: Not Disclosed
  • Address: 14080 Central Loop, Woodbridge, VA
  • Market: Woodbridge
  • Seller's Representatives: Aron Will - CBRE, Garrett Sacco - CBRE, John Sweeny - CBRE
  • Buyer: Artemis Real Estate Partners
  • Seller: Silverstone Senior Living and Lionstone Investments

The transaction was facilitated by CBRE National Senior Housing’s investment properties team, including John Sweeny, Aron Will, Garrett Sacco, and Scott Bray. Additionally, the acquisition financing was arranged by CBRE National Senior Housing’s debt and structured finance team comprising Aron Will, Tim Root, and Michael Cregan, who secured a five-year fixed-rate loan from a regional bank. The Arbor Co. is set to operate the community post-acquisition.

Players

Aron Will

CBRE

Broker

$398.7M

vol

15 deals

Broker
Artemis Real Estate Partners
Artemis Real Estate PartnersBuyer

Woodbridge 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93