JLL Income Property Trust Acquires Multifamily Asset In Casselberry For $154.1M
SOLD
$154,100,000
Florida
See Similar DealsMultiFamily
Sold 04/13/2022
SOLD
JLL Income Property Trust Acquires Multifamily Asset In Casselberry For $154.1M
1124 Shoreview Cir, Casselberry, Florida 32707, United States
See Similar DealsMultiFamily
Sold 04/13/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1124 Shoreview Circle in Casselberry has been sold in a recent transaction. The sale, which took place on April 13, 2022, involved a total of 384 units. The property was purchased by JLL Income Property Trust, represented by Allan Swaringen. The buyer acquired the property from Jefferson Apartment Group, represented by Jim Butz. The sale price for this transaction was $154,100,000, resulting in a per unit price of $401,302.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $154,100,000
- Address: 1124 Shoreview Circle
- Market: Casselberry
Allan Swaringen of JLL Income Property Trust played a key role as the buyer's representative in this transaction. On the other hand, Jim Butz represented Jefferson Apartment Group as the seller's representative.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,218,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$547,484.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$730,512.62
Annual Debt Service$8,766,151.42
Is there something missing? Send suggestions