American Landmark Apartments Acquires Multifamily Property In North Chesterfield, VA From Boyd Homes For $96.1M
SOLD
$96,100,000
Virginia
See Similar DealsMultiFamily
Sold 08/22/2022
SOLD
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
See Similar DealsMultiFamily
Sold 08/22/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,125,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$341,423.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$455,563.03
Annual Debt Service$5,466,756.34
Is there something missing? Send suggestions