Preserve Ventures LLC Acquires Multifamily Property In Windsor, CT For $63M
100 Lexington St, Windsor, CT, USA
$63,000,000
$162/SF
Building Size
387,248 SF
Asset Type
MultiFamily
Closing
Aug 5, 2020
AI
An institutional property located at 100 Lexington St in Windsor, CT has been sold for $63,000,000. The asset is a multifamily property consisting of 230 units spread across 12 acres. The sale price per unit is $273,913, while the price per acre is $5,250,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $63,000,000
- Units: 230
- Price per Unit (PPU): $273,913
- Acres: 12
- Price per Acre (PPA): $5,250,000
The seller, Eastpointe Great Pond Owner LLC, has transferred ownership to the buyer, Preserve Ventures LLC. The transaction was facilitated by the brokers Victor Nolletti, Eric Pentore, and Wes Klockner from Institutional Property Advisors (IPA).
Players
Windsor 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93