Updated Mar 6, 2025
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
About this deal
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.
On the Map
$9,625,000
$161/SF
MultiFamily
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Players
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