Updated Oct 28, 2024
JT Capital Acquires West Melbourne Multifamily From Passco Companies For $84.7M
4550 Explorer Dr, West Melbourne, FL 32904
$84,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 10, 2022
About this deal
AI
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.
On the Map
$84,700,000
MultiFamily
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Players
Melbourne 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93