Amzak Station LLC Acquires 180-Unit Multifamily Property In Fleming Island For $51.3M
1757 Theodora Ln, Fleming Island, Florida 32003, United States
$51,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 15, 2022
AI
Amzak Station LLC has acquired a multifamily property located at 1757 Theodora Lane in Fleming Island. The property spans across 11.37 acres and consists of 180 units. The transaction was facilitated by CBRE brokers Cliff Taylor and Joe Ayers.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $51,300,000
- Units: 180
- Price per Unit (PPU): $285,000
- Address: 1757 Theodora Lane
- Market: Fleming Island
- Buyer: Amzak Station LLC
- Seller: Bristol Fleming Island Partners LLC
- Brokers: Cliff Taylor & Joe Ayers - CBRE
The purchase of the property by Amzak Station LLC highlights their investment in the Fleming Island market. The transaction was successfully negotiated by the CBRE brokers, Cliff Taylor and Joe Ayers, representing both the buyer and seller in the deal.
Fleming Island 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93