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100 Reflections Cir, Cassel...

American Landmark Acquires 624-unit Multifamily Property In Casselberry & Clearwater For $100.5M
SOLDMultiFamily

American Landmark Acquires 624-unit Multifamily Property In Casselberry & Clearwater For $100.5M

100 Reflections Cir, Casselberry, FL, USA

$100,500,000

$7,277/SF

Building Size

13,810 SF

Asset Type

MultiFamily

Closing

Oct 20, 2020

AI

The multifamily property located at 100 Reflections Cir & 13621 Feather Sound Cir E. in Casselberry & Clearwater has been sold for a total of $100,500,000. The property comprises 624 units, with a price per unit of $161,058.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $100,500,000
  • Address: 100 Reflections Cir & 13621 Feather Sound Cir E., Casselberry & Clearwater
  • Market: Casselberry & Clearwater
  • Buyer: American Landmark
  • Seller: RADCO Companies - Norman Radow
  • Price per Unit: $161,058
  • Units: 624

The buyer in this transaction is American Landmark, while the seller is RADCO Companies represented by Norman Radow.

Players

American Landmark Apartments
American Landmark ApartmentsBuyer

Norman Radow

RADCO Companies

Seller

$159.5M

vol

2 deals

Seller

Casselberry MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93