Kensington Capital Management LLC Acquires Property From Seville Apartments LLC For $3M In Fort Myers
1852 Golf View Ave, Fort Myers, FL, 3...
$3,000,000
$95/SF
Building Size
31,292 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 1852 Golf View Ave, Fort Myers, FL. This asset has a transaction price of $3,000,000.00 and encompasses a total square footage of 31,292 in the Fort Myers market.
Summary of transaction details:
- Property Type: Closed Transaction
- Transaction Amount: $3,000,000.00
- Address: 1852 Golf View Ave, Fort Myers, FL
- Square Footage: 31,292
- Seller: Seville Apartments LLC
- Buyer: Kensington Capital Management LLC
- Seller's Representative: Luis Baez - Colliers International, Casey Babb
The parties involved in this transaction include Seville Apartments LLC as the seller and Kensington Capital Management LLC as the buyer. The deal was facilitated by representatives Luis Baez and Casey Babb from Colliers International, indicating professional involvement in the property exchange.
Players
Fort Myers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93