Updated Dec 12, 2024
TruAmerica Acquires 292-Unit Multifamily In Palm Harbor For $47M
3975 Country Place Lane, Palm Harbor, FL, USA
$47,000,000
$4,662/SF
Building Size
10,080 SF
Asset Type
MultiFamily
Closing
Dec 6, 2020
About this deal
AI
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.
On the Map
$47,000,000
$4,662/SF
MultiFamily
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Players
Palm Harbor 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93