Updated Oct 29, 2024
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
About this deal
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.
On the Map
$63,900,000
$413/SF
MultiFamily
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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