Fortis Companies Acquires Property In Arlington For $14 Million With CBRE As Seller's Representative
1840 Wilson BLVD, Arlington, VA, 22201
$14,000,000
Building Size
—
Asset Type
Commercial
Closing
Jan 12, 2023
AI
The property asset involved in the transaction is located at 1840 Wilson BLVD, Arlington, VA, 22201. It was sold for a transaction amount of $14,000,000.00. The size of the property is not specified in square footage, and it is situated within the Arlington market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $14,000,000.00
- Address: 1840 Wilson BLVD, Arlington, VA, 22201
- Market: Arlington
- Seller's Representative: Dean Stiles, John Sheridan - CBRE
- Buyer: Fortis Companies
The transaction involved the participation of Dean Stiles and John Sheridan from CBRE, representing the seller. Fortis Companies acted as the buyer in this deal, facilitating the transfer of ownership for the specified property.
Players
Arlington 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93