TPG Briskwood LLC Acquires Briskwood Place Apartments From Sweetbay Capital Management For $1.56M
1401 3rd Street Southwest
$1,560,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 8, 2024
AI
The property involved in this transaction is Briskwood Place Apartments, a 15-unit multifamily asset located at 1401 3rd Street Southwest in Roanoke, VA. The transaction price for the asset was $1,560,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,560,000
- Buyer: TPG Briskwood, LLC
- Seller: Sweetbay Capital Management, LLC
- Broker: Clay Taylor - Cushman & Wakefield
Clay Taylor of Cushman & Wakefield represented Sweetbay Capital Management, LLC in the sale of the property. The transaction took place on 12/08/2024 in the historic district of Roanoke's Old Southwest.
Roanoke 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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93