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
Fredericksburg MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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