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401 Bulifants Boulevard, Wi...

Inland Real Estate Group Acquires Multifamily Property In Williamsburg For $100M
SOLDMultiFamily

Inland Real Estate Group Acquires Multifamily Property In Williamsburg For $100M

401 Bulifants Boulevard, Williamsburg, Virginia 23188, United States

$100,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 26, 2022

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

Carter Wood

Berkadia

Broker

$417.8M

vol

8 deals

Broker
Inland Real Estate Group
Inland Real Estate GroupBuyer

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