Benderson Development Inc. Acquires Commercial Property In Alexandria VA
1700 Duke Street, Alexandria, Virginia 22314, United States
$27,000,000
$639/SF
Building Size
42,243 SF
Asset Type
Commercial
Closing
Jan 4, 2022
AI
A commercial property located at 1700 Duke St. in Alexandria, VA was sold in a transaction on 01/05/2022. The property consists of 116 units with a price per unit (PPU) of $232,758. The total square footage (SF) of the property is 42,243 with a price per square foot (PPSF) of $639.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $27,000,000
- Market: Alexandria, VA
The buyer involved in the transaction was Benderson Development Inc. The deal was brokered by Andrew Fallon and Rick Fernandez from SRS National Net Lease Group, and Joe Friedman from Edge Capital Markets.
Players
Alexandria Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93