Fortress Investment Group Acquires Senior Housing Asset In Davenport, Orlando For $45M
8400 Champions Gate Boulevard West, Davenport, Florida 33896, United States
$45,000,000
$9,185/SF
Building Size
4,899 SF
Asset Type
—
Closing
Apr 18, 2022
About this deal
AI
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.
Players
Champions Gate CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93