Conti Capital Acquires Wood Partners Multifamily In Winter Garden For $107M
SOLD
$107,000,000
Florida
See Similar DealsMultiFamily
Sold 05/05/2022
SOLD
Conti Capital Acquires Wood Partners Multifamily In Winter Garden For $107M
1223 E Plant St, Winter Garden, Florida 34787, United States
See Similar DealsMultiFamily
Sold 05/05/2022
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.
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Deal Type
30 years
10 years
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
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