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170 Market St, Manassas Par...

HASTA DST Ventures Acquires Multifamily Property In Manassas Park, VA For $55M
SOLDMultiFamily

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

Mark Hafner

Buyer

$111.1M

vol

3 deals

Buyer

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