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1863 Wells Road

Peak Capital Partners Acquires Multifamily Property In Orange Park For $53M
SOLDMultiFamily

Peak Capital Partners Acquires Multifamily Property In Orange Park For $53M

1863 Wells Road

$53,000,000

$22,138/SF

Building Size

2,394 SF

Asset Type

MultiFamily

Closing

Dec 14, 2020

AI

Peak Capital Partners has completed the acquisition of a multifamily property located at 1863 Wells Road in Orange Park. The property consists of 358 units and was sold by American Landmark Apartments for a total price of $53,000,000. With a per unit price of $148,045, this transaction represents a significant investment in the local real estate market.

Summary of Transaction Details

This successful deal was facilitated by the brokers Brian Moulder, Dhaval Patel, and Bobby Gatling from Walker & Dunlop. Their expertise and negotiation skills were instrumental in bringing the buyer and seller together and finalizing the transaction.

Players

Bobby Gatling

Walker & Dunlop

Broker

$549.3M

vol

9 deals

Broker
Peak Capital Advisors
Peak Capital AdvisorsBuyer
American Landmark Apartments
American Landmark ApartmentsSeller

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

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93