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Conti Capital Acquires Wood Partners Multifamily In Winter Garden For $107M

Property Image
SOLD
$107,000,000

Florida

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MultiFamily
Sold 05/05/2022
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Property Image
SOLD

Conti Capital Acquires Wood Partners Multifamily In Winter Garden For $107M

1223 E Plant St, Winter Garden, Florida 34787, United States

See Similar Deals
MultiFamily
Sold 05/05/2022
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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

3 deals$300M volume
BUYER

BUYER

Details

SOLD
IMAGE: Chris Halpin & Carlos Vaz DATE: 05/05/2022 ADDRESS: 1223 East Plant St MARKET: Winter Garden ASSET TYPE: Multifamily BUYER: Conti Capital - Carlos Vaz & Chris Halpin SELLER: Wood Partners (@WoodPartners) BROKER: Berkadia (@Berkadia) SALE PRICE: $107,000,000 UNITS: 250 ~ PPU: $428,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$380,148.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$507,234.59
Annual Debt Service$6,086,815.07