Updated Oct 28, 2024
Southwood Realty Acquires 270-Unit Multifamily In Lynchburg, VA For $68.9M
200 West Edge Way, Lynchburg, Virginia 24502, United States
$68,900,000
Units
270
Asset Type
MultiFamily
Closing
Oct 25, 2022
About this deal
AI
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
Lynchburg 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93