Willow Creek Partners Acquires Multifamily Property In Alexandria, VA For $50.1M
SOLD
$50,100,000
Virginia
See Similar DealsMultiFamily
Sold 06/11/2022
SOLD
Willow Creek Partners Acquires Multifamily Property In Alexandria, VA For $50.1M
101 North Ripley Street, Alexandria, Virginia 22304, United States
See Similar DealsMultiFamily
Sold 06/11/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,671,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,994.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,499.56
Annual Debt Service$2,849,994.72
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