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
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.
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