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:
- Property Type: Multifamily
- Transaction Amount: $81,000,000
- Buyer: Bob Hart & Matt Ferrari - TruAmerica Multifamily
- Brokerage: Alex Kupp, Charles Crapse, Denny St. Romain, Jubeen Vaghefi & Scott Peek - CBRE
- Lender: Walker & Dunlop
- Units: 336
- Acres: 19
- PPU: $241,071
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
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