Washington Property Company Acquires Multifamily Property In Alexandria, VA For $52.7M
SOLD
Virginia
See Similar DealsMultiFamily
Sold 01/12/2022
SOLD
Washington Property Company Acquires Multifamily Property In Alexandria, VA For $52.7M
100 South Reynolds Street, Alexandria, Virginia 22304, United States
See Similar DealsMultiFamily
Sold 01/12/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,810,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$187,231.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$249,824.89
Annual Debt Service$2,997,898.64
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