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
Cutler Bay 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93