Triwest Development Acquires Multifamily Property In Winter Springs, FL From JSB Capital Group For $47.3M
1020 Chatham Pines Circle
$47,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 19, 2022
AI
Triwest Development has acquired a multifamily property located at 1020 Chatham Pines Cir in Winter Springs, FL. The transaction, facilitated by brokers Aaron Jungreis and Alan Soclof of Rosewood Realty, involved the sale of the property by JSB Capital Group for a total price of $47,300,000. The property consists of 208 units, with an average price per unit of $227,404.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,300,000
- Address: 1020 Chatham Pines Cir, Winter Springs, FL
- Market: Winter Springs, FL
- Buyer: Triwest Development
- Seller: JSB Capital Group
- Brokers: Aaron Jungreis & Alan Soclof - Rosewood Realty
- Units: 208
- Price per Unit: $227,404
The successful acquisition of this multifamily property showcases Triwest Development's commitment to expanding its real estate portfolio. Collaborating with brokers Aaron Jungreis and Alan Soclof from Rosewood Realty, Triwest Development secured a lucrative deal with JSB Capital Group. This transaction highlights the expertise and negotiation skills of both parties involved.
Players
Winter Springs 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93