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13200 Wilcox Road, Largo, F...

Axonic Properties Acquires Multifamily Property In Largo For $9.6M
SOLDMultiFamily

Axonic Properties Acquires Multifamily Property In Largo For $9.6M

13200 Wilcox Road, Largo, FL 33774

$9,625,000

$161/SF

Building Size

59,648 SF

Asset Type

MultiFamily

Closing

Dec 17, 2021

AI

The multifamily property located at 13200 Wilcox Rd in Largo has been sold. The transaction took place on 12/17/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,625,000
  • Address: 13200 Wilcox Rd
  • Market: Largo

The buyer of the property is Axonic Properties, represented by Jonathan Shechtman and Brian Kennedy. The seller is Homes Urban. The brokers involved in the deal are Jad Richa and Brian Hunsicker from Capstone Apartment Partners.

The property consists of 64 units with an average price per unit of $150,391. The total square footage of the property is 59,648, resulting in a price per square foot of $161.

Players

Jad Richa

Capstone Companies

Broker

$88M

vol

6 deals

Broker
Jonathan Shechtman

Jonathan Shechtman

Axonic Properties

Buyer

$503.1M

vol

17 deals

Buyer

Largo 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

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93