Bryon Fields Acquires Christiansburg, VA Multifamily For $15.1M
SOLD
$15,100,000
Virginia
See Similar DealsMultiFamily770 SF
Sold 08/05/2022
SOLD
Bryon Fields Acquires Christiansburg, VA Multifamily For $15.1M
2834 Peppers Ferry Road
See Similar DealsMultiFamily770 SF
Sold 08/05/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Price Per Square Foot:$19,610
Total Square Footage:770 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$805,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,647.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,581.70
Annual Debt Service$858,980.44
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