Ashcroft Capital Acquires Multifamily Asset Braxton Waterleigh In Winter Garden For $84.93M
10091 Tuller Loop
$84,930,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The multifamily asset involved in this transaction is located at 10091 Tuller Loop in Winter Garden, featuring 354 units. The sale price for the property was $84,930,000, resulting in a per unit price of $239,915. This deal represents a significant investment within the multifamily market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $84,930,000
- Units: 354
- Buyer: Ashcroft Capital
- Seller: PassiveInvesting.com
- Broker: Scott Ramey - Newmark
Scott Ramey, representing Newmark, facilitated the transaction between buyer Ashcroft Capital and seller PassiveInvesting.com. This deal reflects a notable shift in market dynamics, as the seller experienced a 7% loss, having purchased the property for $91.6 million three years prior. Additionally, this marks the second-largest multifamily transaction in Orlando for the current year.
Players
Winter Garden 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93