Updated Oct 28, 2024
Otto Investment Group Acquires Multifamily Property In Largo For $34.3M
2200 Gladys Street, Largo, FL, USA
$34,300,000
$377/SF
Building Size
90,944 SF
Asset Type
MultiFamily
Closing
Nov 27, 2021
About this deal
AI
The multifamily property located at 2200 Gladys St in Largo has been sold for a transaction amount of $34,300,000. Spanning across 12 acres, this property comprises 128 units, with an average price per unit of $267,969. This closed transaction took place on November 27, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,300,000
- Address: 2200 Gladys St
- Market: Largo
- Acres: 12
The buyer in this transaction is Otto Investment Group, represented by Adrian Otto. They successfully acquired this multifamily property, adding it to their investment portfolio in Largo. The sale of this property is a significant step for Adrian Otto and the Otto Investment Group.
Players
Largo MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93