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

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SOLD
$192,800,000

Florida

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MultiFamily
Sold 01/24/2022
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SOLD

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

See Similar Deals
MultiFamily
Sold 01/24/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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

2 deals$385.6M volume
SELLER

Details

SOLD
IMAGE: Keith Lampi DATE: 01/24/2022 ADDRESS: 11209 Ranch Creek Ter, 940 City Plaza Way & 11275 Sportsman Park Ln MARKET: Bradenton, Oviedo FL & Fort Wayne, IN ASSET TYPE: Multifamily SELLER: Inland Private Capital Corporation - Keith Lampi SALE PRICE: $192,800,000 UNITS: 795 ~ PPU: $242,516

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$684,977.67
Cash-on-Cash Return-1.27%
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