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
Charlottesville 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93