Westmount Realty Capital Acquires Winter Park Multifamily For $62.3M
SOLD
$62,300,000
Florida
See Similar DealsMultiFamily
Sold 04/29/2022
SOLD
Westmount Realty Capital Acquires Winter Park Multifamily For $62.3M
1701 Lee Rd, Winter Park, Florida 32789, United States
See Similar DealsMultiFamily
Sold 04/29/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 1701 Lee Rd in Winter Park has been sold for a total of $62,300,000. The property consists of 228 units, with a price per unit of $273,246.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $62,300,000
- Address: 1701 Lee Rd
- Market: Winter Park
- Buyer: Westmount Realty Capital - Cliff Booth
- Units: 228
- Price Per Unit: $273,246
Westmount Realty Capital, represented by Cliff Booth, participated in the purchase of the multifamily property at 1701 Lee Rd in Winter Park. This transaction marks a significant investment in the Winter Park market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$221,338.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$295,333.78
Annual Debt Service$3,544,005.41
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