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11209 Ranch Creek Ter, Brad...

Inland Private Capital Corporation Sells Multifamily Portfolio In Bradenton, Oviedo FL & Fort Wayne For $192.8M
SOLDMultiFamily

Inland Private Capital Corporation Sells Multifamily Portfolio In Bradenton, Oviedo FL & Fort Wayne For $192.8M

11209 Ranch Creek Ter, Bradenton, Florida 34211, United States

$192,800,000

Units

795

Asset Type

MultiFamily

Closing

Jan 24, 2022

AI

The multifamily property located at 11209 Ranch Creek Ter, 940 City Plaza Way & 11275 Sportsman Park Ln has been sold in a transaction handled by Inland Private Capital Corporation represented by Keith Lampi. The property is situated in Bradenton, Oviedo FL & Fort Wayne, IN. The sale took place on 01/24/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $192,800,000
  • Address: 11209 Ranch Creek Ter, 940 City Plaza Way & 11275 Sportsman Park Ln
  • Market: Bradenton, Oviedo FL & Fort Wayne, IN

Keith Lampi, representing Inland Private Capital Corporation, facilitated the sale of this multifamily property. The transaction involved 795 units, resulting in a price per unit of $242,516. The deal signifies a significant investment in the real estate market in these locations.

Players

Keith Lampi

Inland Private Capital Corporation

Seller

$385.6M

vol

2 deals

Seller

Bradenton 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93