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Treviso Grand Cir, Venice, ...

General Services Corp. Acquires Multifamily Property In Venice For $63.9M
SOLDMultiFamily

General Services Corp. Acquires Multifamily Property In Venice For $63.9M

Treviso Grand Cir, Venice, FL 34275, USA

$63,900,000

$413/SF

Building Size

154,721 SF

Asset Type

MultiFamily

Closing

Feb 22, 2021

AI

Located at 100 Treviso Grand Cir North in Venice, this multifamily property was recently sold in a closed transaction. The property consists of 272 units and was sold for a total price of $63,900,000, resulting in a per unit price of $234,926. The sale took place on February 23, 2021. The property was acquired by General Services Corp., while Jim Borris of Zilber Ltd. served as the seller. The transaction was facilitated by JLL.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $63,900,000
  • Address: 100 Treviso Grand Cir North
  • Market: Venice
  • Units: 272
  • Price Per Unit: $234,926

Jim Borris, representing Zilber Ltd., served as the seller in this transaction. General Services Corp. was the buyer. The sale was facilitated by JLL. No additional information was available regarding the transaction.

Players

GC
General Services Corp.Buyer
ZL
Zilber LtdSeller

Nokomis 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93