TruAmerica Acquires 292-Unit Multifamily In Palm Harbor For $47M
SOLD
$47,000,000
+ 3
Florida
See Similar DealsMultiFamily10,080 SF
Sold 12/07/2020
SOLD
TruAmerica Acquires 292-Unit Multifamily In Palm Harbor For $47M
3975 Country Place Lane, Palm Harbor, FL, USA
See Similar DealsMultiFamily10,080 SF
Sold 12/07/2020
+ 3
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$4,662
Total Square Footage:10,080 SF
Transaction Type:Sale
The sale of a multifamily property located at 3975 Country Place Lane in Palm Harbor has been completed. The property, consisting of 292 units, was sold for a total price of $47,000,000, resulting in a per unit price of $160,959.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Address: 3975 Country Place Lane
- Market: Palm Harbor
The buyer of the property was TruAmerica, while the seller was The RADCO Companies, represented by Norman Radow. The sale was facilitated by brokers Patrick Dufour, Ryan Crowley, Andrew Visnick, Pibu Aulakh, Mitch Clarfield, and Ryan Greer of Newmark.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,506,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$166,981.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$222,803.98
Annual Debt Service$2,673,647.74
Is there something missing? Send suggestions