Updated Oct 29, 2024
SREIT Holly Cove Apartments Acquires 1745 Wells Road Multifamily In Orange Park For $27.3M
1745 Wells Road, Orange Park, FL, USA
$27,250,000
$2,709/SF
Building Size
10,056 SF
Asset Type
MultiFamily
Closing
Nov 2, 2020
About this deal
AI
The multifamily property located at 1745 Wells Road in Orange Park has been sold for a price of $27,250,000. The property consists of 202 units, resulting in a price per unit of $134,901.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,250,000
- Address: 1745 Wells Road
- Market: Orange Park
The buyer of the property is SREIT Holly Cove Apartments LLC, while the seller is The Vestcor Companies, represented by Steve Moore. The broker involved in the transaction is Starwood Capital Group, represented by Barry Sternlicht.
On the Map
$27,250,000
$2,709/SF
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93