Updated Oct 28, 2024
Odyssey Properties Group Acquires Multifamily Asset In Atlantic Beach & Brandon For $53M
721 North Kingstowne Circle, Brandon, Florida 33511, United States
$53,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
AI
Odyssey Properties Group, led by Derek Graham and Brian Dempsey, has acquired a multifamily asset located at 2768 State Road A1a & 721 N Kingstowne Cor in Atlantic Beach & Brandon. The sale was finalized on August 2, 2022, with a transaction amount of $53,000,000. The property boasts a prime location and offers attractive features.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Address: 2768 State Road A1a & 721 N Kingstowne Cor
- Market: Atlantic Beach & Brandon
Brian Dempsey captured an image of the property, showcasing its appeal. Odyssey Properties Group, represented by Derek Graham and Brian Dempsey, made a significant investment in acquiring this multifamily asset.
Players
Brandon 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93