Updated Oct 28, 2024
Sureste Property Group Acquires Multifamily Property In Orange Park For $17.5M
401 Loring Avenue, Orange Park, Florida 32073, United States
$17,500,000
Units
134
Asset Type
MultiFamily
Closing
Aug 28, 2022
About this deal
AI
The multifamily property located at 401 Loring Ave & 1800 Kingsley Ave in Orange Park has been sold in a recent transaction. The property spans over 8.75 acres and consists of 134 units. The sale was facilitated by Joe Ayers from CBRE, representing the buyer, Sureste Property Group, and the seller, Greyson Capital Group. The transaction took place on August 29, 2022.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $17,500,000
- Units: 134
- Price per Unit (PPU): $130,597
- Address: 401 Loring Ave & 1800 Kingsley Ave
- Market: Orange Park
- Broker: Joe Ayers - CBRE
This successful transaction showcases the expertise and negotiation skills of Joe Ayers from CBRE. With the sale of the property, Sureste Property Group has acquired a valuable multifamily asset in Orange Park. Greyson Capital Group, the seller, has successfully closed the deal, securing a substantial price for their property.
On the Map
$17,500,000
MultiFamily
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Players
Orange Park 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93