BH Equities And PIA Residential Acquire Orange Park Multifamily For $33.4M
114 Old Orange Park Road, Orange Park, FL 32073, USA
$33,400,000
$4/SF
Building Size
7,501,400 SF
Asset Type
MultiFamily
Closing
Nov 18, 2020
AI
The multifamily property located at 114 Old Orange Park Road in Orange Park has been sold for a total price of $33,400,000. The transaction took place on November 19, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,400,000
- Units: 284
- Price per Unit (PPU): $117,606
The buyers of the property were BH Equities and PIA Residential, represented by Danny Kattan and Saul Levy. The sellers of the property were WRH Realty Services. The deal was facilitated by Erik Bjornson from Newmark Knight Frank.
Players
Orange Park 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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93