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
Alexandria 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93