GMF Capital LLC Acquires Multifamily Property In Port Saint Lucie For $46M
1901 Southwest Aledo Lane, Port St. Lucie, FL, USA
$46,000,000
$73/SF
Building Size
625,957 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
AI
A multifamily property located at 1901 SW Aledo Lane in Port Saint Lucie has been sold for a price of $46,000,000. The property spans over 14.37 acres and consists of 200 units. The sale was completed on 09/13/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Address: 1901 SW Aledo Lane, Port Saint Lucie
- Market: Port Saint Lucie
- Acres: 14.37
The buyer, GMF Capital LLC represented by Jared Frydman, acquired the property from Panther Residential Management. Ronald Meyerson and Frank Rodriguez Melo, from Cedano Realty Advisors, acted as the brokers in this transaction.
Players
Port Saint Lucie 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93