Updated Oct 28, 2024
Meridian At 2825 LLC Acquires Fort Myers Multifamily For $6.5M
2835 Central Avenue, Fort Myers, Florida 33901, United States
$6,500,000
Units
92
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
The multifamily property located at 2835 Central Ave in Fort Myers has been sold. The property consists of 92 units and was sold for a total price of $6,500,000, resulting in a per unit price of $70,652. The sale took place on January 20, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 2835 Central Ave
- Market: Fort Myers
- Buyer: The Meridian at 2825 LLC - Ft. Myers Portfolio LLC - Seema Gruman
- Seller: Watersong Realty Series LLC
- Broker: Paige Rausch - Aslan Realty Advisors
- Units: 92
- Price Per Unit: $70,652
The buyer of the property is The Meridian at 2825 LLC - Ft. Myers Portfolio LLC, represented by Seema Gruman. The seller is Watersong Realty Series LLC. The transaction was facilitated by broker Paige Rausch from Aslan Realty Advisors.
On the Map
$6,500,000
MultiFamily
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Players
Fort Myers 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93