Beitel Group And The Scharf Group Acquire Portfolio Of Office Units For $325M
Virginia, United States
$325,000,000
Units
1,918
Asset Type
Retail
Closing
Dec 7, 2021
About this deal
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.
On the Map
$325,000,000
Retail
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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