Updated Dec 12, 2024
American Landmark Acquires 208-Unit Multifamily Property In Melbourne For $36.9M
2334 Woodwind Trail, Melbourne, FL, USA
$36,900,000
Units
208
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
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).
On the Map
$36,900,000
MultiFamily
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Players
Melbourne 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93