Colliers International Facilitates $9.4M Multifamily Sale In Petersburg, VA
420 High Street, Petersburg, VA, USA
$9,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 15, 2021
AI
A multifamily property located at 420, 422, and 526 High Street in Petersburg, VA has been sold for a total price of $9,400,000. The property consists of 69 units, with a price per unit of $136,232.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,400,000
- Units: 69
- Price per Unit: $136,232
The seller of the property was Robin & Miller Associates. The sale was facilitated by Garrison Gore, Hank Hankins, Victoria Pickett, and Charles Wentworth from Colliers International.
Players
Petersburg 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93