Capital Square Acquires Woodbridge Multifamily From Shidler Group For $98.5M
SOLD
$98,500,000
Virginia
See Similar DealsMultiFamily
Sold 08/24/2022
SOLD
Capital Square Acquires Woodbridge Multifamily From Shidler Group For $98.5M
13175 Marina Way, Woodbridge, Virginia 22191, United States
See Similar DealsMultiFamily
Sold 08/24/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 13175 Marina Way in Woodbridge, VA has been sold for a total price of $98,500,000. The property consists of 402 units, with an average price per unit of $245,025.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $98,500,000
- Address: 13175 Marina Way, Woodbridge, VA
- Units: 402
- Price Per Unit: $245,025
Capital Square has acquired the property from Shidler Group. Capital Square, acting as the buyer, executed the transaction through their representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$349,949.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$466,940.25
Annual Debt Service$5,603,283.03
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