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101 North Ripley Street, Al...

Willow Creek Partners Acquires Multifamily Property In Alexandria, VA For $50.1M
SOLDMultiFamily

Willow Creek Partners Acquires Multifamily Property In Alexandria, VA For $50.1M

101 North Ripley Street, Alexandria, Virginia 22304, United States

$50,100,000

Building Size

Asset Type

MultiFamily

Closing

Jun 10, 2022

AI

The multifamily property located at 101 N Ripley St in Alexandria, VA has been sold for a total price of $50,100,000. The property consists of 189 units, resulting in a price per unit of $265,079. The transaction took place on 06/11/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $50,100,000
  • Units: 189
  • Price Per Unit: $265,079
  • Market: Alexandria, VA

The buyer of the property is Willow Creek Partners, while the seller is Continental Realty Corporation. The deal was facilitated by brokers Bill Roohan, Robert Dean, and Jonathan Greenberg from CBRE.

Players

Bill Roohan

CBRE

Broker

$50.1M

vol

1 deal

Broker
Continental Realty Corporation
Continental Realty CorporationSeller

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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93