Diego Ojeda Acquires Port Saint Lucie Multifamily Development Site For $8.5M
3043 Southwest Port Saint Lucie Boulevard
$8,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 27, 2024
AI
The transaction involved a Multifamily Development Site located at 3043 Southwest Port Saint Lucie Boulevard in the Port Saint Lucie market. The property was sold for $8,500,000 from seller Paco Hill of Sympatico Real Estate to buyer Diego Ojeda of the Rilea Group. The sale was facilitated by brokers Omar Morales and Jaret Turkell of Berkadia.
Summary of transaction details:
- Property Type: Multifamily Development Site
- Transaction Amount: $8,500,000
- Buyer: Diego Ojeda - Rilea Group
- Seller: Paco Hill - Sympatico Real Estate
- Brokers: Omar Morales & Jaret Turkell - Berkadia
Diego Ojeda represented the Rilea Group in the transaction, acquiring the Multifamily Development Site. Paco Hill, from Sympatico Real Estate, was the seller in the deal. The brokers involved, Omar Morales and Jaret Turkell of Berkadia, played a crucial role in facilitating the sale of the property.
Players
Port Saint Lucie 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93