Updated Oct 28, 2024
Strategic Diversified Acquires Multifamily Property In Sarasota For $11.4M
4110 Winners Circle, Sarasota, FL 34238, USA
$11,400,000
$35/SF
Building Size
318,414 SF
Asset Type
MultiFamily
Closing
Jul 27, 2020
About this deal
AI
Located at 4110 Winners Cir in Sarasota, this multifamily property was recently involved in a closed transaction. The property, consisting of 320 units, was the subject of a loan amounting to $11,400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Address: 4110 Winners Cir, Sarasota
- Market: Sarasota
- Units: 320
Strategic Diversified Real Estate Holdings, represented by Brian Alonge, acted as the landlord in this transaction. The brokerage team from Berkadia's JV Equity & Structured Capital Group, consisting of Cody Kirkpatrick, Noam Franklin, and Chinmay Bhatt, facilitated the deal.
Players
Sarasota MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93