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
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.
Players
Springfield 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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93