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1645 Dunlawton Avenue
SOLD

Crasqui Investments Acquires Ocean Oaks Apartments In Port Orange Multifamily Sale For $53M

1645 Dunlawton Avenue

MultiFamily
clock iconSold 215 days ago
Sean Williams
Shelton Granade
Luke Wickham
+ 2
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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

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

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    6

  • Agents

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Sean Williams's profile picture
Sean Williams
Institutional Property Advisors-image
Senior Vice President Investments
$518.2M Sold

Details

Deal Summary
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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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