Updated Oct 29, 2024
Connor Group Acquires 436-Unit Multifamily Asset In Clearwater For $93.25M
2729 Seville Boulevard, Clearwater, FL, USA
$93,250,000
$64,310/SF
Building Size
1,450 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
About this deal
AI
The multifamily property located at 2729 Seville Boulevard in Clearwater was recently sold for a total price of $93,250,000. The transaction took place on 01/08/2021. The property consists of 436 units, with an average price per unit (PPU) of $213,876.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $93,250,000
- Units: 436
- Average Price per Unit (PPU): $213,876
The buyer in this transaction was the Connor Group, represented by Jeff Pickett. The Connor Group is a prominent agency in the real estate industry.
Players
Clearwater 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93