Finmarc Management Acquires Mixed-use Data Center Portfolio In Springfield, VA For $127.5M
SOLD
$127,500,000
+ 1
Virginia
See Similar DealsMixed-use740,000 SF
Sold 06/17/2022
SOLD
Finmarc Management Acquires Mixed-use Data Center Portfolio In Springfield, VA For $127.5M
Springfield, Virginia, United States
See Similar DealsMixed-use740,000 SF
Sold 06/17/2022
+ 1
Summary
VIRGINIA
Asset Type:Mixed-use
Price Per Square Foot:$172
Total Square Footage:740,000 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$452,980.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$604,415.05
Annual Debt Service$7,252,980.57
Is there something missing? Send suggestions