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2395 Woodwind Trail, Melbou...

American Landmark Acquires Melbourne Multifamily For $36.9M
SOLDMultiFamily

American Landmark Acquires Melbourne Multifamily For $36.9M

2395 Woodwind Trail, Melbourne, FL 32935, USA

$36,900,000

Units

208

Asset Type

MultiFamily

Closing

Dec 1, 2021

AI

Located at 2395 Woodwind Trail in Melbourne, this multifamily property was recently sold in a transaction facilitated by Institutional Property Advisors from Marcus & Millichap. The property consists of 208 units, with a sale price of $36,900,000, resulting in a per unit price of $177,404.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,900,000
  • Units: 208
  • Price Per Unit: $177,404
  • Market: Melbourne

American Landmark Apartments acquired this property from BG Capital Management, represented by Jane G. Greenblatt. The successful transaction showcases the involvement of key professionals such as Institutional Property Advisors, who played a crucial role in facilitating the deal between the buyer and seller.

Players

American Landmark Apartments
American Landmark ApartmentsBuyer

Melbourne 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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93