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Ashcroft Capital Acquires Multifamily Asset Braxton Waterleigh In Winter Garden For $84.93M

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SOLD
$84,930,000

Florida

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MultiFamily
Sold 08/28/2024
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Property Image
SOLD

Ashcroft Capital Acquires Multifamily Asset Braxton Waterleigh In Winter Garden For $84.93M

10091 Tuller Loop

See Similar Deals
MultiFamily
Sold 08/28/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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

Scott Ramey
Newmark
Scott Ramey
15 deals$1.3B volume
BROKER

Details

SOLD
IMAGE: Scott Ramey DATE: 08/28/2024 ADDRESS: 10091 Tuller Loop MARKET: Winter Garden ASSET TYPE: Multifamily BUYER: Ashcroft Capital (@AshcroftCapital) SELLER: PassiveInvesting.com BROKER: Scott Ramey - Newmark (@Newmark) SALE PRICE: $84,930,000 UNITS: 354 ~ PPU: $239,915 NOTE: Ashcroft Capital snagged the 354-unit Braxton Waterleigh for $84.93 million, marking a 7% loss for the seller, PassiveInvesting.com, who bought it for $91.6 million just three years ago. This deal, the second-largest multifamily transaction in Orlando this year, highlights the ongoing dip in the market, with sales volume down nearly 75% since 2022.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,529,599.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$301,738.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$402,611.53
Annual Debt Service$4,831,338.35