Ritz Banc Group Acquires Property From Outlier Realty Capital In Winchester For $6.72M
1002 Woodstock Ln, Winchester, VA...
$6,720,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 9, 2022
AI
The property located at 1002 Woodstock Ln, Winchester, VA, involved in this transaction, was sold for a price of $6,720,000. The transaction occurred in the Winchester market and the property's square footage is noted as 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,720,000.00
- Address: 1002 Woodstock Ln, Winchester, VA
- Market: Winchester
- Buyer: Ritz Banc Group
- Seller: Outlier Realty Capital
- Buyer's Representative: Eric Jentoft-Herr - Marcus & Millichap
- Seller's Representative: Dennis Cravedi - Marcus & Millichap
- Broker: Marty Zupancic - Marcus & Millichap
This transaction was facilitated with the involvement of key brokers from Marcus & Millichap. Eric Jentoft-Herr represented the buyer Ritz Banc Group while Dennis Cravedi represented the seller Outlier Realty Capital. The transaction process was coordinated by broker Marty Zupancic, also from Marcus & Millichap.
Players
Winchester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93