Updated Oct 28, 2024
Dominium Acquisition, LLC Acquires 320-Unit Multifamily In Fort Myers For $49M
4050 Winkler Avenue Extension, Fort Myers, FL, 33916
$49,000,000
Units
318
Asset Type
MultiFamily
Closing
Jul 14, 2022
About this deal
AI
Located at 4050 Winkler Ave. Ext in Fort Myers, this multifamily property sits on a spacious 23.86-acre lot. The sale of this property was facilitated by Evan Kristol from Marcus & Millichap, representing Dominium Acquisition, LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Units: 320
- Price Per Unit: $153,125
- Date: 07/15/2022
- Market: Fort Myers
- Image: Evan Kristol
The transaction closed for a total of $49,000,000, with each of the 320 units being sold at an average price of $153,125. The property is situated in the sought-after market of Fort Myers, providing an attractive investment opportunity for Dominium Acquisition, LLC.
Fort Myers 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93