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10091 Tuller Loop

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

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

Scott Ramey

Newmark

Broker

$1.3B

vol

15 deals

Broker

Winter Garden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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