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
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Units: 358
- Price Per Unit: $148,045
- Buyer: Peak Capital Partners
- Seller: American Landmark Apartments
- Brokers: Brian Moulder, Dhaval Patel, & Bobby Gatling - Walker & Dunlop
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
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