Beitel Group And The Scharf Group Acquire Portfolio Of Office Units For $325M
Virginia, United States
$325,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 7, 2021
AI
The Beitel Group and The Scharf Group have completed the acquisition of a portfolio of office assets in Virginia, Kentucky, Wisconsin, and Missouri. The portfolio consists of a total of 1,918 units. The sale of the portfolio was finalized on December 7, 2021, with a transaction amount of $325,000,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $325,000,000
The purchase was led by the Beitel Group and The Scharf Group. Glenn Scharf represented The Scharf Group as their broker in the deal.
Players
Keysville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93