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18545 Southwest 82nd Avenue...

TruAmerica Multifamily Sells Fort Myers Multifamily Property For $96M
SOLDMultiFamily

TruAmerica Multifamily Sells Fort Myers Multifamily Property For $96M

18545 Southwest 82nd Avenue, Cutler Bay, FL 33157

$96,000,000

$150,000/SF

Building Size

640 SF

Asset Type

MultiFamily

Closing

Feb 20, 2020

AI

The multifamily property located at 3701 Winkler Ave in Fort Myers has been sold for $96,000,000. The asset consists of 640 units, resulting in a price per unit (PPU) of $150,000. The sale took place on February 21, 2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $96,000,000
  • Address: 3701 Winkler Ave, Fort Myers
  • Market: Fort Myers

The property was sold by TruAmerica Multifamily. The sale was facilitated by JLL Capital Markets, with brokers berkadia'>Matt Mitchell, Zach Nolan, Brett Moss, Drew Jennewein, Jarrod Smith, and Bailey Smith representing the seller.

Players

Brett Moss

Berkadia

Broker

$912.8M

vol

11 deals

Broker
TruAmerica Multifamily
TruAmerica MultifamilySeller

Cutler Bay 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93