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.
On the Map
$25,500,000
$8,500/SF
MultiFamily
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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