Washington Property Company Acquires Multifamily Property In Alexandria, VA For $52.7M
100 South Reynolds Street, Alexandria, Virginia 22304, United States
$52,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 11, 2022
AI
Located at 100 S Reynolds St in Alexandria, VA, this multifamily property has been sold in a closed transaction. The property encompasses various residential units.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $52,700,000
- Address: 100 S Reynolds St, Alexandria, VA
- Market: Alexandria, VA
Washington Property Company, represented by Quinn Rounsaville, acquired the property from Northpoint Realty Partners. JLL represented the buyer, while Berkadia represented the seller in this transaction.
Players
Alexandria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93