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5251 Cane Island Loop, Kiss...

Venterra Realty Acquires Multifamily Property In Kissimmee For $43.3M
SOLDMultiFamily

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

John Foresi

Venterra Realty

Broker

$328.5M

vol

9 deals

Broker
Interra Realty
Interra RealtyBrokerage
John Foresi

John Foresi

Venterra Realty

Buyer

$328.5M

vol

9 deals

Buyer

Kissimmee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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