Windmill Hill Homes Acquires Mixed-Use Property In Alexandria, VA For $5M
901 King Street, Alexandria, Virginia 22314, United States
$5,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Oct 20, 2022
AI
A mixed-use property located at 901-905 King Street in Alexandria, VA has been sold for $5,000,000. The property was sold by A & H LLC to Windmill Hill Homes. The sale was facilitated by Feldman Ruel Urban Property Advisors, with Tanner Scales, Josh Feldman, and Ian Ruel serving as the brokers in the transaction.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,000,000
- Address: 901-905 King Street, Alexandria, VA
- Market: Alexandria, VA
The buyer, Windmill Hill Homes, acquired the property from the seller, A & H LLC. The brokers involved in the transaction were Tanner Scales, Josh Feldman, and Ian Ruel from Feldman Ruel Urban Property Advisors.
Players
Alexandria Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93