Conti Capital Acquires Wood Partners Multifamily In Winter Garden For $107M
1223 E Plant St, Winter Garden, Florida 34787, United States
$107,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 4, 2022
AI
The multifamily property located at 1223 East Plant St in Winter Garden has been sold for a total of $107,000,000. The transaction was completed on 05/05/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $107,000,000
- Address: 1223 East Plant St
- Market: Winter Garden
The buyer, Conti Capital represented by Carlos Vaz & Chris Halpin, acquired the property from the seller, Wood Partners. The sale of the property was facilitated by the broker Berkadia. The multifamily property consists of 250 units, with an average price per unit of $428,000.
Players
Winter Garden 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93