facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

1175 Bentley Road, Leesburg...

RJC Bentley Villas, LLC Acquires 48-Unit Multifamily Property In Leesburg For $5.16M
SOLDMultiFamily

RJC Bentley Villas, LLC Acquires 48-Unit Multifamily Property In Leesburg For $5.16M

1175 Bentley Road, Leesburg, Florida 34748, United States

$5,160,000

$125/SF

Building Size

41,074 SF

Asset Type

MultiFamily

Closing

Feb 26, 2022

AI

The multifamily property located at 1175 Bentley Rd in Leesburg has been sold in a transaction worth $5,160,000. The property spans across 4.67 acres and consists of 48 units. With a total area of 41,074 square feet, the price per square foot amounts to $126. The buyer, RJC Bentley Villas, LLC, acquired the property from Bentley Apartments, LLC.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $5,160,000
  • Units: 48
  • Price Per Unit: $107,500
  • Square Feet: 41,074
  • Price Per Square Foot: $126
  • Address: 1175 Bentley Rd
  • Market: Leesburg

The sale was facilitated by the broker team consisting of Jason Hague, Adam Podbelski, Duane C. Anderson, and Ned Roberts from RPH Multifamily Group - Marcus & Millichap.

Players

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker

Leesburg MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.07%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93