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.
On the Map
$100,000,000
MultiFamily
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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