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4101 Runner Loop

Newmark Brokers $60.5M Sale Of The Station At Chester Village Multifamily In Chester, VA
SOLDMultiFamily

Newmark Brokers $60.5M Sale Of The Station At Chester Village Multifamily In Chester, VA

4101 Runner Loop

$60,500,000

Building Size

Asset Type

MultiFamily

Closing

Nov 26, 2023

AI

The Station at Chester Village, a class A multifamily property located at 4101 Runner Loop in Chester, Virginia, has been sold for $60.5 million. The property consists of 201 units, with an average price per unit of $300,995.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,500,000
  • Units: 201
  • Price Per Unit: $300,995

Newmark, represented by brokers Charles Wentworth, Victoria Pickett, and Garrison Gore, facilitated the sale of The Station at Chester Village. The transaction marks a significant deal in the Chester, VA market.

Note: Newmark has completed the $60.5 million sale of The Station at Chester Village, a class A, 201-unit multifamily property in Chester, Virginia.

Players

Garrison Gore

Newmark

Broker

$251.7M

vol

5 deals

Broker

Chester 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

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93