Updated Oct 29, 2024
Waypoint Residential Acquires Multifamily Property In West Melbourne For $67M
110 Sagecrest Circle, West Melbourne, FL, USA
$67,000,000
$222/SF
Building Size
300,680 SF
Asset Type
MultiFamily
Closing
Feb 27, 2020
About this deal
AI
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.
On the Map
$67,000,000
$222/SF
MultiFamily
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Melbourne MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $222 per square foot on a published $67M for 300,680 square feet (2020).
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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