Menlo Equities Acquires Property At 5155 Parkstone Dr Chantilly For $19.25M With James Cassidy As Seller's Rep
5155 Parkstone Dr, Chantilly, VA, 20151
$19,250,000
$253/SF
Building Size
75,838 SF
Asset Type
Commercial
Closing
May 25, 2021
AI
The property asset involved in this transaction is located at 5155 Parkstone Dr, Chantilly, VA, 20151. The transaction was carried out in the Chantilly market, and the asset encompasses a total square footage of 75,838. The sale price for this property was $19,250,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $19,250,000.00
- Address: 5155 Parkstone Dr, Chantilly, VA, 20151
- Market: Chantilly
- Seller's Representative: James Cassidy - Newmark
- Buyer: Menlo Equities
Key individuals involved in the transaction include the seller's representative, James Cassidy, from Newmark, who facilitated the deal on behalf of the seller, while the buyer was Menlo Equities. This transaction reflects the activities of these parties within the real estate market.
Players
Chantilly Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93