Crasqui Investments Acquires Ocean Oaks Apartments In Port Orange Multifamily Sale For $53M | 1645 Dunlawton Avenue | Sean Williams, Shelton Granade, Luke Wickham, Justin Basquill | MultiFamily | Sale

Summary

Sale

FLORIDA

MultiFamily

Ocean Oaks Apartments, a 296-unit multifamily community located at 1645 Dunlawton Avenue in Port Orange, Florida, has been sold for $53 million. The buyer, Crasqui Investments, entered the Daytona market with this acquisition. The sale price of $53 million translates to approximately $179,054 per unit.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $53,000,000
Market: Port Orange
Address: 1645 Dunlawton Avenue
Buyer: Crasqui Investments
Seller: LIV Acquisitions - Ryan Griffin
Brokers: Justin Basquill, Luke Wickham, Sean Williams & Shelton Granade - Institutional Property Advisors - Marcus & Millichap

This transaction marks Crasqui Investments' entry into the Daytona market. The deal included a $31.2 million, 10-year Fannie Mae loan. Institutional Property Advisors, represented by Justin Basquill, Luke Wickham, Sean Williams, and Shelton Granade of Marcus & Millichap, facilitated the sale of Ocean Oaks Apartments.

Players

All
6

Agents
4
Agencies
2

Sean Williams

Senior Vice President Investments

$471.9M Sold

Shelton Granade

Executive Managing Director Investments

$1.2B Sold

Luke Wickham

Senior Managing Director Investments

$762.3M Sold

Justin Basquill

First Vice President

$691.4M Sold

Marcus & Millichap

Institutional Property Advisors

Details

Deal Summary

SOLD

IMAGE: Justin Basquill, Ryan Griffin, Luke Wickham, Sean Williams & Shelton Granade DATE: 11/17/2023 ADDRESS: 1645 Dunlawton Avenue MARKET: Port Orange ASSET TYPE: Multifamily BUYER: Crasqui Investments SELLER: LIV Acquisitions - Ryan Griffin BROKERS: Justin Basquill, Luke Wickham (@LukeWickham), Sean Williams & Shelton Granade - Institutional Property Advisors - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $53,000,000 UNITS: 296 ~ PPU: $179,054 NOTE: Ocean Oaks Apartments, a 296-unit multifamily community in Port Orange, Florida, was purchased by Crasqui Investments for $53 million, marking the buyer's entry into the Daytona market. The deal included a $31.2 million, 10-year Fannie Mae loan and was brokered by Institutional Property Advisors.

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Address1645 Dunlawton Avenue

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