Crescent Sky Acquires Multifamily Property In Tallahassee For $15.75M
SOLD
$15,750,000
Florida
See Similar DealsMultiFamily1,800 SF
Sold 03/31/2021
SOLD
Crescent Sky Acquires Multifamily Property In Tallahassee For $15.75M
205 White Drive, Tallahassee, FL, USA
See Similar DealsMultiFamily1,800 SF
Sold 03/31/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$8,750
Total Square Footage:1,800 SF
Transaction Type:Sale
205 White Drive in Tallahassee was recently sold for a total of $15,750,000. The property is a multifamily asset consisting of 256 units, making the per unit price $61,523. The sale was completed on March 31, 2021, with Crescent Sky purchasing the property from Raith Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,750,000
- Address: 205 White Drive, Tallahassee
- Market: Tallahassee
- Units: 256
- Per Unit Price: $61,523
- Buyer: Crescent Sky
- Seller: Raith Capital
- Brokers: Matt Prozzillo - Agency, Ben Skinner - Agency
The sale was facilitated by brokers Matt Prozzillo and Ben Skinner, representing Crescent Sky and Raith Capital respectively.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$840,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,956.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,663.04
Annual Debt Service$895,956.42
Is there something missing? Send suggestions