Updated Nov 2, 2026
Caruthers Properties Acquires Dominion Plaza Apartment Property In Arlington For $58 Million
1200 South Courthouse Road, Arlington, Va
$58,000,000
$182,389/SF
Building Size
318 SF
Asset Type
MultiFamily
Closing
Oct 27, 2026
About this deal
AI
The Dominion Plaza apartment property is a multi-family asset located at 1200 South Courthouse Road in Arlington, VA. It consists of 318 units and was sold for $58,000,000, translating to a price per square foot of $182,390.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $58,000,000
- Address: 1200 South Courthouse Road
- Market: Arlington, VA
- Square Footage: 318 units
- Price per Unit: $182,390
- Buyer: Caruthers Properties
- Seller: Akelius
The transaction involved Caruthers Properties and New Lexington - Energy Storage acquiring the property from Akelius. This partnership highlights the collaborative efforts between the two entities to secure the real estate asset.
On the Map
$58,000,000
$182,389/SF
MultiFamily
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Players
Arlington 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93