Cushman & Wakefield Brokers Sell Multifamily Asset In Gainesville For $33.4M
SOLD
$33,400,000
Florida
See Similar DealsMultiFamily
Sold 01/18/2022
SOLD
Cushman & Wakefield Brokers Sell Multifamily Asset In Gainesville For $33.4M
2370 SW Archer Rd, Gainesville, Florida 32608, United States
See Similar DealsMultiFamily
Sold 01/18/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 2370 SW Archer Road and 2000 SW 16th St in Gainesville has recently been sold for a total price of $33,400,000. The sale of this property was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $33,400,000
- Address: 2370 SW Archer Road & 2000 SW 16th St
- Market: Gainesville
The key individuals involved in this transaction were Mike Donaldson and Nick Meoli from Cushman & Wakefield. They played a crucial role in facilitating the sale of the multifamily property at 2370 SW Archer Road and 2000 SW 16th St in Gainesville.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,781,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$118,663.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$158,333.04
Annual Debt Service$1,899,996.48
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