American Landmark Apartments Acquires Multifamily Property In North Chesterfield, VA From Boyd Homes For $96.1M
301 Karl Linn Drive, North Chesterfield, Virginia 23225, United States
$96,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 21, 2022
AI
The multifamily property located at 301 Karl Linn Dr in North Chesterfield, VA has been sold. The property spans across 12 acres and consists of 400 units. The sale was finalized on 08/22/2022.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $96,100,000
- Number of Units: 400
- Price Per Unit: $240,250
- Buyer: American Landmark Apartments
- Seller: Boyd Homes
- Brokers: Drew White & Carter Wood - Berkadia
The buyer in this transaction is American Landmark Apartments, while Boyd Homes acted as the seller. The deal was facilitated by brokers Drew White and Carter Wood from Berkadia.
Players
North Chesterfield 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93