Southwood Realty Acquires 270-Unit Multifamily In Lynchburg, VA For $68.9M
SOLD
$68,900,000
Virginia
See Similar DealsMultiFamily
Sold 10/26/2022
SOLD
Southwood Realty Acquires 270-Unit Multifamily In Lynchburg, VA For $68.9M
200 West Edge Way, Lynchburg, Virginia 24502, United States
See Similar DealsMultiFamily
Sold 10/26/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 200 W Edge Way in Lynchburg, VA has been sold in a transaction that took place on 10/26/2022. The property, consisting of 270 units, was acquired by Southwood Realty for a sale price of $68,900,000. This translates to a price per unit of $255,185.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $68,900,000
- Address: 200 W Edge Way, Lynchburg, VA
- Market: Lynchburg, VA
- Buyer: Southwood Realty
- Broker: Capstone Apartment Partners
- Units: 270
- Price Per Unit: $255,185
Capstone Apartment Partners represented Southwood Realty as the broker in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,674,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$244,787.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$326,621.15
Annual Debt Service$3,919,453.81
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