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
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