Capital Square 1031 Acquires Multifamily Property In Port Orange From All Aboard Properties For $36M
SOLD
$36,000,000
Florida
See Similar DealsMultiFamily8,876 SF
Sold 10/06/2020
SOLD
Capital Square 1031 Acquires Multifamily Property In Port Orange From All Aboard Properties For $36M
1000 Chamberlin Blvd, Port Orange, FL 32127, USA
See Similar DealsMultiFamily8,876 SF
Sold 10/06/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$4,055
Total Square Footage:8,876 SF
Transaction Type:Sale
The multifamily property located at 1000 Chamberlin Blvd. in Port Orange has been sold for a total price of $36,000,000. The property spans across 77 acres, with a price per acre of $467,532.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Buyer: Capital Square 1031 – Louis J. Rogers
- Seller: All Aboard Properties
- Market: Port Orange
Capital Square 1031, represented by Louis J. Rogers, acquired the property from All Aboard Properties. This transaction marks another significant deal in the multifamily market in Port Orange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
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