HASTA DST Ventures Acquires Multifamily Property In Manassas Park, VA For $55M
170 Market St, Manassas Park, Virginia 20111, United States
$55,000,000
$1,258/SF
Building Size
43,708 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
AI
The multifamily property located at 170 Market St in Manassas Park, VA has been sold in a recent transaction. The property consists of 291 units with an average price per unit of $189,003. The total square footage of the property is 43,708, with an average price per square foot of $1,258. The sale price for the property was $55,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Units: 291
- Price per Unit: $189,003
- Total Square Footage: 43,708
- Price per Square Foot: $1,258
- Address: 170 Market St, Manassas Park, VA
The buyer in this transaction is HASTA DST Ventures, represented by Mark Hafner. Mark Hafner is the buyer's representative in the deal.
Players
Manassas Park 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93