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1901 Southwest Aledo Lane, ...

GMF Capital LLC Acquires Multifamily Property In Port Saint Lucie For $46M
SOLDMultiFamily

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

Ronald Meyerson

Broker

$46M

vol

1 deal

Broker

Jared Frydman

GMF Capital

Buyer

$421.6M

vol

5 deals

Buyer
PM
Panther Residential ManagementSeller

Port Saint Lucie 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93