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Springfield, Virginia, Unit...

Finmarc Management Acquires Mixed-use Data Center Portfolio In Springfield, VA For $127.5M
SOLDMixed-use

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

William Collins

Cushman & Wakefield

Broker

$292.6M

vol

3 deals

Broker
FM
Finmarc ManagementBuyer

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