Adam Podbelski, Ned Roberts, Jason Hague & Sam Ferguson Acquire Multifamily Property In Sarasota For $3.9M
SOLD
$3,900,000
+ 1
Florida
See Similar DealsMultiFamily16,182 SF
Sold 04/20/2021
SOLD
Adam Podbelski, Ned Roberts, Jason Hague & Sam Ferguson Acquire Multifamily Property In Sarasota For $3.9M
1045 Cocoanut Avenue, Sarasota, FL 34236, USA
See Similar DealsMultiFamily16,182 SF
Sold 04/20/2021
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:16,182 SF
Transaction Type:Sale
1045 Cocoanut Ave, a multifamily property located in Sarasota, was recently sold for $3,900,000. The transaction took place on 04/20/2021 and involved a total of 29 units, with a price per unit of $134,483. The property is situated in the Sarasota market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 29
- Price Per Unit: $134,483
The sale of 1045 Cocoanut Ave was facilitated by Marcus & Millichap, with brokers Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson representing the parties involved in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
Is there something missing? Send suggestions