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2834 Peppers Ferry Road

Bryon Fields Acquires Christiansburg, VA Multifamily For $15.1M
SOLDMultiFamily

Bryon Fields Acquires Christiansburg, VA Multifamily For $15.1M

2834 Peppers Ferry Road

$15,100,000

$19,610/SF

Building Size

770 SF

Asset Type

MultiFamily

Closing

Aug 5, 2022

AI

A multifamily property located at 2834 Peppers Ferry Rd. NW in Christiansburg, VA has been sold for a total price of $15,100,000. The property consists of 78 units with an average price per unit of $193,589. The total square footage of the property is 19,602, with a price per square foot of $770.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,100,000
  • Units: 78
  • Price per Unit: $193,589
  • Square Footage: 19,602
  • Price per Square Foot: $770
  • Address: 2834 Peppers Ferry Rd. NW, Christiansburg, VA
  • Market: Christiansburg, VA

The buyer of the property is Bryon Fields, while the seller is Billy Dean Massie. The transaction was facilitated by Daniel Shamooil from VORO, acting as the broker representing the buyer, Bryon Fields.

Players

Daniel Shamooil

Voro Real Estate

Broker

$17.8M

vol

2 deals

Broker

Bryon Fields

Buyer

$21.1M

vol

2 deals

Buyer

Christiansburg 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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93