American Landmark Acquires 208-Unit Multifamily Property In Melbourne For $36.9M
SOLD
$36,900,000
+ 1
Florida
See Similar DealsMultiFamily
Sold 11/19/2021
SOLD
American Landmark Acquires 208-Unit Multifamily Property In Melbourne For $36.9M
2334 Woodwind Trail, Melbourne, FL, USA
See Similar DealsMultiFamily
Sold 11/19/2021
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2334 Woodwind Trail in Melbourne has been sold in a transaction. The property consists of 208 units and was sold for a price of $36,900,000, resulting in a per unit price of $177,404. The sale took place on November 19, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,900,000
- Address: 2334 Woodwind Trail
- Market: Melbourne
The buyer in this transaction was American Landmark, while the seller was BG Capital Management. The deal was facilitated by the brokers Shelton Granade, Luke Wickham, Justin Basquill, and Sean Williams from Institutional Property Advisors (IPA).
Players
SELLER
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)
$1,968,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,097.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$174,924.83
Annual Debt Service$2,099,097.91
Is there something missing? Send suggestions