facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Virginia

/

Multifamily

/

Sale

/

255 Saponi Lane

West End Capital Group Acquires 324-Unit Multifamily Property In Charlottesville For $56.8M
SOLDMultiFamily

West End Capital Group Acquires 324-Unit Multifamily Property In Charlottesville For $56.8M

255 Saponi Lane

$56,800,000

Units

324

Asset Type

MultiFamily

Closing

Feb 26, 2025

AI

The asset involved in this transaction is a MultiFamily property located at 255 Saponi Lane, Charlottesville, VA, consisting of 324 units. The transaction was completed for a price of $56,800,000.00.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $56,800,000.00
  • Address: 255 Saponi Lane
  • Market: Charlottesville, VA
  • Units: 324
  • Buyer: West End Capital Group
  • Seller: Goldstar Group

This transaction involved key players including West End Capital Group as the buyer and Goldstar Group as the seller. The deal highlights the engagement of these parties in the MultiFamily real estate sector.

Players

KLNB
KLNBBrokerage

Charlottesville 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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93