Page 75 - Guardian Broker Questionnaire Summary Complete Package 2 2 22_Neat
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Guardian Place I & II
The Edison Sale Comparable
700 East Franklin Street | Richmond, VA 23219
Property Details Unit Type Number of Units
Property Type Market Rate Studio 55
Units 174 1x1 75
Occupancy 98.3% 2x1 4
Year Built 2014 3x2 40
Close Date October 5, 2020
Sale Specifics
Sale Price $25,000,000 Price Per SF $111
Price Per Unit $143,678 Average SF 1,294
Average Rent N/A Buyer Armada Hoffier Properties
Cap Rate 6.80%
Comments
Summerdale Sale Comparable
5951 Tiger Lily Lane | Richmond, VA 23223
Property Details Unit Type Number of Units
Property Type LIHTC - Family 2x2 76
Units 124 3x2 48
Occupancy 100.0%
Year Built 2005
Close Date November 9, 2021
Sale Specifics
Sale Price $18,262,000 Price Per SF $139
Price Per Unit $147,274 Average SF 1,056
Average Rent $928 Buyer Lakeside Capital Advisors
Cap Rate 5.12%
Comments
CBRE Affordable Housing sale.
Comments
Sales Comparables | 27
