Venterra Realty Acquires Multifamily Property In Kissimmee For $43.3M
5251 Cane Island Loop, Kissimmee, FL, USA
$43,300,000
$74/SF
Building Size
580,219 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
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
Kissimmee 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93