Updated Dec 4, 2024
Barry Sternlicht's Starwood Capital Group Acquires Multifamily Portfolio In Fellsmere, Sanford, Lake Worth & Lakeland For $91.75M
100 Willner Circle, Sanford, Florida 32771, United States
$91,750,000
Units
668
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily properties located at 53, 70 Sonrise Place, 100 Willner Circle, 2730 Lantana Road, and 915 Quincy St have been sold in a recent transaction in Fellsmere, Sanford, Lake Worth, and Lakeland. The sale was facilitated by Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $91,750,000
- Units: 668
- Price per Unit (PPU): $137,350
Starwood Capital Group, led by Barry Sternlicht, has acquired the properties from Benjamin Mallah of Equity Management Partners.
The multifamily sale at 100 Willner Circle, Sanford, Florida 32771, United States in Sanford, Florida sold for $91.8M in 2022. Reported inventory is 668 units across 668 units. Named participants on the 100 Willner Circle, Sanford, Florida 32771, United States sale are Barry Sternlicht, Ben Mallah. This page is the Sanford, Florida file for the 100 Willner Circle, Sanford, Florida 32771, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sanford sit in the Market section below. Filter that Sanford multifamily set by closing date to see what else sold near 100 Willner Circle, Sanford, Florida 32771, United States around 2022. Published consideration for 100 Willner Circle, Sanford, Florida 32771, United States is $91.8M, dated 2022. Cite this Barry Sternlicht's Starwood Capital Group Acquires Multifamily Portfolio In Fellsmere, Sanford, Lake Worth & Lakeland For $91.75M sale when underwriting similar multifamily product around Sanford, Florida.
Players
Sanford 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93