Updated Feb 28, 2025
LaSalle Investment Management Acquires Sarasota Multifamily For $121.2M
12501 Honore Avenue, Sarasota, Florida 34238, United States
$121,250,000
Units
257
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
The multifamily property located at 12501 Honore Ave in Sarasota has been sold for a total of $121,250,000. The property consists of 257 units, resulting in a price per unit of $471,790.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $121,250,000
- Units: 257
- Price Per Unit: $471,790
- Market: Sarasota
The buyer of the property was LaSalle Investment Management, while the seller was Abacus Capital Group.
The multifamily sale at 12501 Honore Avenue, Sarasota, Florida 34238, United States in Sarasota, Florida sold for $121.3M in 2022. Reported inventory is 257 units across 257 units. JLL appears on the sale alongside JLL. This page is the Sarasota, Florida file for the 12501 Honore Avenue, Sarasota, Florida 34238, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sarasota sit in the Market section below. Filter that Sarasota multifamily set by closing date to see what else sold near 12501 Honore Avenue, Sarasota, Florida 34238, United States around 2022. Published consideration for 12501 Honore Avenue, Sarasota, Florida 34238, United States is $121.3M, dated 2022. Cite this LaSalle Investment Management Acquires Sarasota Multifamily For $121.2M sale when underwriting similar multifamily product around Sarasota, Florida.
Players
Sarasota MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit JLL to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93