Updated Oct 28, 2024
FL Victoria At Orange Park 1 LLC Acquires 280-Unit Multifamily Property In Orange Park For $56.2M
1710 Wells Road, Orange Park, Florida 32073, United States
$56,150,000
Units
280
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
1710 Wells Road in Orange Park has been sold for a total of $56,150,000. The property is a multifamily asset spread across 20 acres of land. With a total of 280 units, the price per unit stands at $200,536.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $56,150,000
- Address: 1710 Wells Road
- Market: Orange Park
- Acres: 20
- Buyer: FL Victoria at Orange Park 1 LLC, Sundance Bay Income & Growth OP
- Seller: Broadshore Capital Partners - Bradford W. Howe
- Units: 280
- Price per Unit: $200,536
The buyer of the property is FL Victoria at Orange Park 1 LLC, represented by Sundance Bay Income & Growth OP. On the other hand, the seller is Broadshore Capital Partners, with Bradford W. Howe as their representative in the deal.
On the Map
$56,150,000
MultiFamily
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Players
Orange Park 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93