Pedcor Homes Corp. Acquires Multifamily Property In Naples For $24M
3531 Plantation Way, Naples, FL, USA
$24,000,000
$51,948/SF
Building Size
462 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
AI
A multifamily property located at 3531 Plantation Way in Naples was recently sold in a transaction facilitated by Alex Henderson & Max Molloy of Fischler Property Company. The sale took place on 11/11/2020 with a total of 188 units. The buyer, Pedcor Homes Corp., purchased the property from JWC Naples 701 LLC for a total price of $24,000,000, equating to a per unit price of $127,660.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Address: 3531 Plantation Way, Naples
- Market: Naples
This transaction showcases the involvement of Alex Henderson & Max Molloy from Fischler Property Company as brokers representing both the buyer, Pedcor Homes Corp., and the seller, JWC Naples 701 LLC.
Players
Naples 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93