Westport Capital Partners And Galaxy Investments Inc. Sell Mixed-use Property In Alexandria For $38.85M
411 King St.
$38,850,000
Units
182,001
Asset Type
Mixed-use
Closing
Feb 25, 2025
About this deal
AI
The property asset involved in this transaction is a mixed-use development located at 411 King St. in Alexandria, VA. The asset consists of 182,001 square feet and was sold for a total price of $38,850,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $38,850,000.00
- Address: 411 King St.
- Market: Alexandria, VA
- Units: 182,001
- Seller: Westport Capital Partners, Galaxy Investments Inc.
The transaction was facilitated by the seller, Westport Capital Partners and Galaxy Investments Inc. Their involvement showcases a collaborative effort between the two entities in the closing of this sale.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93