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Venterra Realty Acquires Multifamily Property In Kissimmee For $43.3M

Property Image
SOLD
$43,300,000
John Foresi
AS

Florida

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MultiFamily580,219 SF
Sold 11/19/2021
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Property Image
SOLD

Venterra Realty Acquires Multifamily Property In Kissimmee For $43.3M

5251 Cane Island Loop, Kissimmee, FL, USA

See Similar Deals
MultiFamily580,219 SF
Sold 11/19/2021
John Foresi
AS
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:580,219 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 5251 Cane Island Loop in Kissimmee. The sale was conducted for a total price of $43,300,000, encompassing 168 units. The price per unit is recorded at $257,738.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $43,300,000
  • Units: 168
  • Price Per Unit: $257,738
  • Buyer: Venterra Realty
  • Buyer’s Representatives: John Foresi & Andrew Stewart
  • Seller: CGI+ Real Estate Strategies

This transaction reflects the collaboration between Venterra Realty and CGI+ Real Estate Strategies. The representatives for Venterra Realty, John Foresi and Andrew Stewart, facilitated the acquisition process, connecting their buyer with the multifamily asset in the market.

Players

John Foresi
Venterra Realty
John Foresi
9 deals$328.5M volume
BROKER
Interra Realty
Interra Realty
BROKERAGE
John Foresi
Venterra Realty
John Foresi
9 deals$328.5M volume
BUYER
AS
Venterra Realty
Andrew Stewart
2 deals$118.8M volume
BUYER
AS
Andrew Stewart
2 deals$118.8M volume
BUYER

Details

SOLD
IMAGE: John Foresi & Andrew Stewart DATE: 11/19/2021 ADDRESS: 5251 Cane Island Loop MARKET: Kissimmee ASSET TYPE: Multifamily BUYER: Venterra Realty - John Foresi & Andrew Stewart SELLER: CGI+ Real Estate Strategies SALE PRICE: $43,300,000 UNITS: 168 ~ PPU: $257,738

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,309,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$153,835.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$205,264.09
Annual Debt Service$2,463,169.09