Updated Nov 27, 2024
JLL Income Property Trust Acquires Multifamily Asset In Casselberry For $154.1M
1124 Shoreview Cir, Casselberry, Florida 32707, United States
$154,100,000
Units
384
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
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.
On the Map
$154,100,000
MultiFamily
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Casselberry 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93