Updated Oct 28, 2024
Versity Investments Acquires Celebration Multifamily For $74.5M With Brokers Shelton Granade, Jr. & Luke Wickham - IPA USA
1688 Celebration Blvd, Celebration, FL, USA
$74,500,000
$11,379/SF
Building Size
6,547 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
About this deal
AI
On June 1, 2021, a multifamily property located at 1688 Celebration Blvd. in Celebration was sold for a total price of $74,500,000. The property consists of 306 units, with each unit valued at an average price of $243,464.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $74,500,000
- Address: 1688 Celebration Blvd.
- Market: Celebration
- Buyer: Versity Investments
- Seller: CGI+ Real Estate Investment Strategies - Gidi Cohen & Mark Cohen
- Brokers: Shelton Granade, Jr. & Luke Wickham - IPA USA
- Units: 306
- Price Per Unit: $243,464
Gidi Cohen and Mark Cohen, representing CGI+ Real Estate Investment Strategies, sold the property to Versity Investments. The transaction was facilitated by brokers Shelton Granade, Jr. and Luke Wickham from IPA USA.
On the Map
$74,500,000
$11,379/SF
MultiFamily
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Players
Kissimmee 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93