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Waypoint Residential Acquires Multifamily Property In West Melbourne For $67M

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SOLD
$67,000,000

Florida

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MultiFamily300,680 SF
Sold 02/28/2020
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Property Image
SOLD

Waypoint Residential Acquires Multifamily Property In West Melbourne For $67M

110 Sagecrest Circle, West Melbourne, FL, USA

See Similar Deals
MultiFamily300,680 SF
Sold 02/28/2020
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:300,680 SF
Transaction Type:Sale

Waypoint Residential, led by Scott Lawlor, has acquired a multifamily property located at 110 Sagecrest Circle in West Melbourne. The transaction was completed on February 28, 2020.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $67,000,000
  • Number of Units: 300
  • Price Per Unit: $223,333

Waypoint Residential, a prominent buyer in the market, represented by Scott Lawlor, purchased the property at 110 Sagecrest Circle. The deal involved a total of 300 units, with a transaction amount of $67,000,000 and a price per unit of $223,333.

Players

Scott Lawlor
Scott Lawlor
8 deals$310.2M volume
BUYER

Details

SOLD
IMAGE: Scott Lawlor DATE: 02/28/2020 ADDRESS: 110 Sagecrest Circle MARKET: West Melbourne ASSET TYPE: Multifamily BUYER: Waypoint Residential - Scott Lawlor PRICE: $67,000,000 UNITS: 300 PPU: $223,333

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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