Updated Oct 28, 2024
Bonaventure Acquires Multifamily Property In Manassas, VA For $25.5M
9009 Church Street, Manassas, Virginia 20110, United States
$25,500,000
$8,500/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Dec 19, 2021
About this deal
AI
The multifamily property located at 9009 Church St in Manassas, VA has been sold in a recent transaction. The property consists of 94 units with an average price per unit of $271,277. The total square footage of the property is 3,000, resulting in a price per square foot of $8,500. The sale price for the property was $25,500,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Units: 94
- Price per Unit: $271,277
- Square Footage: 3,000
- Price per Square Foot: $8,500
The buyer of the property is Bonaventure, represented by Dwight Dunton and Chris Cobb. The seller of the property is The Rector Companies.
Players
Manassas 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93