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1020 Chatham Pines Circle

Triwest Development Acquires Multifamily Property In Winter Springs, FL From JSB Capital Group For $47.3M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker
JG
JSB Capital GroupSeller

Winter Springs 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93