JT Capital Acquires West Melbourne Multifamily From Passco Companies For $84.7M

Located in West Melbourne, the multifamily property at 4550 Explorer Dr has changed hands in a recent transaction. The sale took place on January 10, 2022, with a total sale price of $84,700,000. The property is situated in a desirable market, offering potential for future growth and investment.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $84,700,000
• Address: 4550 Explorer Dr
• Market: West Melbourne

The buyer, JT Capital represented by Rohun Jauhar, acquired the property from Passco Companies. The transaction was facilitated by Ken Delvillar and Jay Ballard from JLL Capital Markets, who acted as the brokers.

This successful transaction demonstrates the ongoing activity and potential within the West Melbourne market. The collaboration between JT Capital and the brokers, Ken Delvillar and Jay Ballard, contributed to the smooth execution of the sale, ultimately benefiting all parties involved.