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Capital Square 1031 Acquires Property At 1989 Delaware Dr Woodbridge For $80.5M With Transwestern Reps

Property Image
SOLD
$80,500,000
Justin Shay
Dean Sigmon

Virginia

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MultiFamily328,066 SF
Sold 08/05/2019
the dealplayerscompscontact
Property Image
SOLD

Capital Square 1031 Acquires Property At 1989 Delaware Dr Woodbridge For $80.5M With Transwestern Reps

1989 Delaware Dr, Woodbridge, VA, V...

See Similar Deals
MultiFamily328,066 SF
Sold 08/05/2019
Justin Shay
Dean Sigmon
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:328,066 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 1989 Delaware Dr, Woodbridge, VA. It has a total square footage of 328,066 and was sold for $80,500,000. The market value is situated in Woodbridge.

Summary of transaction details:

  • Property Type: Not specified
  • Transaction Amount: $80,500,000.00
  • Square Footage: 328,066
  • Address: 1989 Delaware Dr, Woodbridge, VA
  • Market: Woodbridge
  • Seller's Representative: Justin Shay, Dean Sigmon - Transwestern
  • Buyer: Capital Square 1031

This transaction involved key representatives from the brokerage firm Transwestern, specifically Justin Shay and Dean Sigmon, representing the seller. The buyer, Capital Square 1031, was integral in the completion of this deal.

Players

Dean Sigmon
Transwestern
Dean Sigmon
12 deals$647.5M volume
BROKER
Justin Shay
Transwestern
Justin Shay
11 deals$532.5M volume
BROKER
C1
Capital Square 1031
BUYER

Details

SOLD
IMAGE: 1989 Delaware Dr, Woodbridge, VA, V... MARKET: Woodbridge SELLER'S REP: Justin Shay, Dean Sigmon -Transwestern BUYER: Capital Square 1031 PRICE: $80,500,000.00 SF: 328066

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,293,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$285,999.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$381,611.07
Annual Debt Service$4,579,332.83