Finmarc Management Acquires Mixed-use Data Center Portfolio In Springfield, VA For $127.5M
Springfield, Virginia, United States
$127,500,000
$172/SF
Building Size
740,000 SF
Asset Type
Mixed-use
Closing
Jun 16, 2022
About this deal
AI
The Data Center Portfolio in Springfield, VA has been sold in a closed transaction. The mixed-use property, spanning 740,000 square feet, was involved in the sale.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $127,500,000
- Address: Data Center Portfolio, Springfield, VA
- Market: Springfield, VA
Finmarc Management purchased the property from Boston Properties. The deal was facilitated by the brokers William Collins, Eric Berkman, Michael Zelin, and Marshall Scanlon of Cushman & Wakefield.
The mixed use sale at Springfield, Virginia, United States in Springfield, Virginia sold for $127.5M in 2022. The building is 740,000 square feet, implying about 172 per square foot on the published price. Michael Zelin, Marshall Scanlan, Eric Berkman, William "Bill" Collins appear on the sale alongside Cushman & Wakefield. This page is the Springfield, Virginia file for the Springfield, Virginia, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Springfield sit in the Market section below. Filter that Springfield mixed use set by closing date to see what else sold near Springfield, Virginia, United States around 2022. Published consideration for Springfield, Virginia, United States is $127.5M, dated 2022. Cite this Finmarc Management Acquires Mixed-use Data Center Portfolio In Springfield, VA For $127.5M sale when underwriting similar mixed use product around Springfield, Virginia.
Players
Springfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Zelin to view all their deals.
Browse Virginia mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93