American Landmark Acquires 624-unit Multifamily Property In Casselberry & Clearwater For $100.5M
SOLD
$100,500,000
Florida
See Similar DealsMultiFamily13,810 SF
Sold 10/21/2020
SOLD
American Landmark Acquires 624-unit Multifamily Property In Casselberry & Clearwater For $100.5M
100 Reflections Cir, Casselberry, FL, USA
See Similar DealsMultiFamily13,810 SF
Sold 10/21/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$7,277
Total Square Footage:13,810 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,359,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$357,055.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$476,421.27
Annual Debt Service$5,717,055.27
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