Updated Oct 28, 2024
ECI Group Acquires 273-Unit Bonita Springs Multifamily For $66.5M
10655 Founders Way, Ponte Vedra Beach, Florida, USA
$66,500,000
$13,510/SF
Building Size
4,922 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
About this deal
AI
The multifamily property located at 10655 Founders Way in Bonita Springs has been sold in a transaction worth $66,500,000. The property consists of 273 units, with an average price per unit of $243,590.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,500,000
- Units: 273
- Price per Unit (PPU): $243,590
- Market: Bonita Springs
The buyer of this property is ECI Group, represented by Scott Levitt. The seller is Mosaic Development, represented by Roxanne Amoroso and Terry Wayland.
The multifamily sale at 10655 Founders Way, Ponte Vedra Beach, Florida, USA in Ponte Vedra Beach, Florida sold for $66.5M in 2020. Reported inventory is 4,922 square feet across 273 units, or about 13.5K per square foot. Named participants on the 10655 Founders Way, Ponte Vedra Beach, Florida, USA sale are Scott Levitt. This page is the Ponte Vedra Beach, Florida file for the 10655 Founders Way, Ponte Vedra Beach, Florida, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Ponte Vedra Beach sit in the Market section below. Filter that Ponte Vedra Beach multifamily set by closing date to see what else sold near 10655 Founders Way, Ponte Vedra Beach, Florida, USA around 2020. Published consideration for 10655 Founders Way, Ponte Vedra Beach, Florida, USA is $66.5M, dated 2020. Cite this ECI Group Acquires 273-Unit Bonita Springs Multifamily For $66.5M sale when underwriting similar multifamily product around Ponte Vedra Beach, Florida.
On the Map
$66,500,000
$13,510/SF
MultiFamily
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Players
Ponte Vedra Beach 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93