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9009 Church Street, Manassa...

Bonaventure Acquires Multifamily Property In Manassas, VA For $25.5M
SOLDMultiFamily

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

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

Dwight Dunton

Bonaventure

Buyer

$201.1M

vol

5 deals

Buyer

Manassas 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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93