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3500 Goldenfield Lane, Fred...

Linden Property Group Acquires 147-Unit Multifamily In Fredericksburg, VA For $34.3M
SOLDMultiFamily

Linden Property Group Acquires 147-Unit Multifamily In Fredericksburg, VA For $34.3M

3500 Goldenfield Lane, Fredericksburg, Virginia 22408, United States

$34,300,000

Building Size

Asset Type

MultiFamily

Closing

Dec 22, 2022

AI

3500 Goldenfield Lane, located in Fredericksburg, VA, has been sold in a closed transaction. The asset involved in this sale is a multifamily property, consisting of 147 units. The property was purchased by Linden Property Group for a total sale price of $34,300,000, which translates to an average price per unit of $233,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $34,300,000
  • Address: 3500 Goldenfield Lane
  • Market: Fredericksburg, VA
  • Buyer: Linden Property Group
  • Brokers: Wink Ewing, Mike Marshall & Matt Straughan - Northmarq
  • Units: 147
  • Price per Unit: $233,333

The deal was facilitated by Wink Ewing, Mike Marshall, and Matt Straughan from Northmarq, who acted as the brokers for this transaction.

Players

Wink Ewing

NorthMarq

Broker

$203.1M

vol

4 deals

Broker
LG
Linden Property GroupBuyer

Fredericksburg 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93