Marcus & Millichap Brokers Sell Fort Walton Beach Multifamily For $16.85M
1861 Stella Lane, Fort Walton Beach, FL, USA
$16,850,000
$1,460/SF
Building Size
11,536 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
AI
The multifamily property located at 1861 Stella Lane in Fort Walton Beach has been sold for a total price of $16,850,000. The transaction took place on January 14, 2021. The property consists of 108 units, with each unit priced at approximately $156,019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,850,000
- Address: 1861 Stella Lane
- Market: Fort Walton Beach
The brokers involved in this deal were Duane C. Anderson, Jason Hague, Ned Roberts, and Adam Podbelski from Marcus & Millichap.
Adam Podbelski, Ned Roberts, and Duane C. Anderson were the individuals responsible for the transaction. They successfully facilitated the sale of the multifamily property at 1861 Stella Lane in Fort Walton Beach. The involvement of Marcus & Millichap as the brokerage firm further contributed to the smooth execution of the deal.
Players
Fort Walton Beach 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93