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Ritz Banc Group Acquires Property From Outlier Realty Capital In Winchester For $6.72M

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SOLD
$6,720,000

Virginia

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MultiFamily
Sold 08/09/2022
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Property Image
SOLD

Ritz Banc Group Acquires Property From Outlier Realty Capital In Winchester For $6.72M

1002 Woodstock Ln, Winchester, VA...

See Similar Deals
MultiFamily
Sold 08/09/2022
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Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

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:

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

Marty Zupancic
17 deals$127M volume
BROKER

Dennis Cravedi
Horvath & Tremblay
7 deals$46.3M volume
BROKER

Eric Jentoft-Herr
Marcus & Millichap
5 deals$63.7M volume
BROKER

BUYER

Details

SOLD
IMAGE: 1002 Woodstock Ln, Winchester, VA... MARKET: Winchester BUYER'S REP: Eric Jentoft-Herr -Marcus & Millichap SELLER'S REP: Dennis Cravedi -Marcus & Millichap BROKERS: Marty Zupancic -Marcus & Millichap BUYER: Ritz Banc Group SELLER: Outlier Realty Capital PRICE: $6,720,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$358,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,874.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,856.23
Annual Debt Service$382,274.74