facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

3250 Douglas Grand Drive

Bob Hart And Matt Ferrari Of TruAmerica Multifamily Acquire Grand At Westside Apartments For $81M
SOLDMultiFamily

Bob Hart And Matt Ferrari Of TruAmerica Multifamily Acquire Grand At Westside Apartments For $81M

3250 Douglas Grand Drive

$81,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 7, 2025

AI

The Grand at Westside Apartments, a 336-unit multifamily complex situated on 19 acres at 3250 Douglas Grand Drive in Kissimmee, FL, was acquired for $81,000,000. The property, built in 2015, features a price per unit of $241,071 and is located in a growing market area.

Summary of transaction details:

TruAmerica Multifamily's acquisition marks its 19th property in the Orlando area since 2017. The complex is set to undergo unit and amenity upgrades, highlighting the firm's commitment to enhancing the asset following the transaction.

Players

Denny St. Romain

CBRE

Broker

$999.5M

vol

7 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Bob Hart

TruAmerica Multifamily

Buyer

$268.2M

vol

5 deals

Buyer
TruAmerica Multifamily
TruAmerica MultifamilyBuyer
Walker & Dunlop
Walker & DunlopLender

Kissimmee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93