Updated Oct 29, 2024
BH Equities And PIA Residential Acquire Orange Park Multifamily From WRH Realty Services For $33.4M
114 Old Orange Park Road, Orange Park, FL, USA
$33,400,000
Units
284
Asset Type
MultiFamily
Closing
Nov 18, 2020
About this deal
AI
Located in Orange Park, the multifamily property at 114 Old Orange Park Road has recently been sold in a closed transaction. The property, consisting of 284 units, was acquired by BH Equities and PIA Residential, represented by Danny Kattan and Saul Levy. The seller, WRH Realty Services, enlisted the services of broker Erik Bjornson from Newmark Knight Frank.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,400,000
- Market: Orange Park
- Address: 114 Old Orange Park Road
The sale of this multifamily property represents a significant investment in Orange Park's real estate market. The transaction was facilitated by Erik Bjornson from Newmark Knight Frank, who acted as the broker for the buyer and seller. With a total of 284 units, this property offers a lucrative opportunity for BH Equities and PIA Residential, as they expand their portfolio in the area. The acquisition price of $33,400,000 reflects the value and potential of this asset.
On the Map
$33,400,000
MultiFamily
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Players
Orange Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $117.6K per unit across 284 units on a published $33.4M (2020).
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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