Artemis Real Estate Partners Acquires Property At 14080 Central Loop In Woodbridge With CBRE's Representation
14080 Central Loop, Woodbridge, VA...
Building Size
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Asset Type
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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
Woodbridge CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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