Updated Oct 28, 2024
Carr Companies & Oliver Carr Company Acquires 247-Unit Multifamily Property In Arlington, VA With $90.3M Acquisition Loan From CIM Group
1957 Columbia Pike, Arlington County, Virginia 22204, United States
$90,300,000
Units
247
Asset Type
MultiFamily
Closing
Dec 21, 2021
About this deal
AI
The multifamily property located at 1957 Columbia Pike in Arlington, VA has been involved in a recent loan transaction. The property spans over 6.34 acres and consists of 247 units. The loan was provided by CIM Group for the purpose of acquisition. The loan amount for this transaction was $90,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $90,300,000
- Address: 1957 Columbia Pike, Arlington, VA
- Market: Arlington, VA
- Units: 247
- Acres: 6.34
Carr Companies & Oliver Carr Company served as the landlords for this property. Shaul Kuba, represented by his agency, played a role in facilitating the deal as the buyer's representative.
Players
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93