Updated Oct 28, 2024
Inland Real Estate Group Acquires Multifamily Property In Williamsburg For $100M
401 Bulifants Boulevard, Williamsburg, Virginia 23188, United States
$100,000,000
Units
289
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
The multifamily property located at 401 Bulifants Blvd in Williamsburg, VA has been sold in a recent transaction. The asset consists of 289 units and was sold for a total price of $100,000,000, resulting in a per unit price of $346,021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Units: 289
- Price per Unit: $346,021
- Address: 401 Bulifants Blvd, Williamsburg, VA
- Market: Williamsburg, VA
The buyer of the property was Inland Real Estate Group, while the seller was Bonaventure. The deal was facilitated by Drew White and Carter Wood of Berkadia.
Players
Williamsburg 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93