Cushman & Wakefield Brokers Sell Multifamily Asset In Gainesville For $33.4M
2370 SW Archer Rd, Gainesville, Florida 32608, United States
$33,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 18, 2022
AI
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.
Players
Gainesville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93