Fortress Investment Group Acquires Senior Housing Asset In Davenport, Orlando For $45M
SOLD
$45,000,000
Florida
See Similar Deals4,899 SF
Sold 04/19/2022
SOLD
Fortress Investment Group Acquires Senior Housing Asset In Davenport, Orlando For $45M
8400 Champions Gate Boulevard West, Davenport, Florida 33896, United States
See Similar Deals4,899 SF
Sold 04/19/2022
Summary
FLORIDA
Price Per Square Foot:$9,185
Total Square Footage:4,899 SF
Transaction Type:Sale
The senior housing property located at 8400 Champions Gate Blvd in Davenport, Orlando has been sold for a price of $45,000,000. The transaction took place on April 19, 2022, and the property consists of 223 units. The per unit price for this sale is $201,794.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $45,000,000
- Address: 8400 Champions Gate Blvd
- Market: Davenport, Orlando
- Units: 223
- Price Per Unit (PPU): $201,794
The buyer in this transaction is Fortress Investment Group, represented by Adam Levinson.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,400,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$159,875.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$213,322.96
Annual Debt Service$2,559,875.50
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