TerraCap Management Sells 240-Unit Multifamily Property In Bonita Springs For $87.25M
Bonita Springs
Units
240
Asset Type
—
Closing
Dec 18, 2022
About this deal
AI
The multifamily property located at 28790 Versol Drive in Bonita Springs, spanning 27.35 acres, was sold for $87,250,000. The property consists of 240 units, with a price per unit of $363,542.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $87,250,000
- Units: 240
- Price Per Unit: $363,542
- Address: 28790 Versol Drive
- Market: Bonita Springs
The seller of the property was TerraCap Management. The sale was facilitated by Jamie May of JBM® Institutional Multifamily Advisors.
Traded’s record for Bonita Springs in Bonita Springs, Florida covers a commercial sale from 2024. This page is the Bonita Springs, Florida file for the Bonita Springs commercial sold: pricing, party profiles, and other closed commercial comps from the same Bonita Springs sit in the Market section below. Filter that Bonita Springs commercial set by closing date to see what else sold near Bonita Springs around 2024. Cite this TerraCap Management Sells 240-Unit Multifamily Property In Bonita Springs For $87.25M sale when underwriting similar commercial product around Bonita Springs, Florida.
Players
Bonita Springs CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93