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.
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