Waypoint Real Estate Investments Acquires Stuart Multifamily For $22.2M
2750 SE Ocean Blvd, Stuart, FL 34996, USA
$22,200,000
$184/SF
Building Size
120,234 SF
Asset Type
MultiFamily
Closing
May 10, 2020
AI
Waypoint Real Estate Investments has purchased a multifamily property located at 2750 SE Ocean Blvd in Stuart. The property, consisting of 150 units, was sold by Sentio Investments for a total price of $22,200,000. This equates to a per unit price of $148,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $22,200,000
- Units: 150
- Price Per Unit: $148,000
The transaction was facilitated by brokers Richard Swartz, Jay Wagner, Tim Hosmer, Chris Remeika, and Jack Griffin of Cushman & Wakefield.
Players
Stuart 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93