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12601 Fair Lakes Cir, Fairf...

Opal Holdings Acquires Fairfax Property For $55.3 Million With Seller's Rep James Cassidy
SOLDCondo

Opal Holdings Acquires Fairfax Property For $55.3 Million With Seller's Rep James Cassidy

12601 Fair Lakes Cir, Fairfax, VA, 22033

$55,300,000

$213/SF

Building Size

259,511 SF

Asset Type

Condo

Closing

Oct 13, 2021

AI

The property asset involved in this transaction is located at 12601 Fair Lakes Cir, Fairfax, VA, 22033, within the Fairfax market. The sale was concluded at a price of $55,300,000.00 and encompasses a total square footage of 259,511.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $55,300,000.00
  • Address: 12601 Fair Lakes Cir, Fairfax, VA, 22033
  • Market: Fairfax
  • Seller's Representative: James Cassidy - Newmark
  • Buyer: Opal Holdings
  • Square Footage: 259,511

This transaction features key participants in the real estate market, with James Cassidy representing the seller, Newmark, while Opal Holdings acted as the buyer in this acquisition. The collaboration between these entities facilitated the completion of the sale.

Players

James Cassidy

Newmark

Broker

$1.1B

vol

13 deals

Broker
OH
Opal HoldingsBuyer

Fairfax Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93