Capital Square Acquires 262-Unit Multifamily In Richmond, VA For $91.7M
2031 Maywill Street, Richmond, Virginia 23230, United States
$91,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2022
AI
Capital Square has acquired a multifamily property located at 2031 Maywill St in Richmond, VA. The property, sold by Bristol Development Group, was purchased for a total of $91,700,000. This transaction represents a significant investment in the Richmond market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $91,700,000
- Units: 262
- Price Per Unit: $350,000
Capital Square, represented by Whitson Huffman, played a key role in this deal. Their expertise and experience in the market contributed to the successful acquisition. The involvement of Bristol Development Group as the seller highlights their commitment to delivering quality properties in the Richmond area.
Richmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93