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
Building Size
—
Asset Type
MultiFamily
Closing
Sep 12, 2022
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.
Players
Sanford 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93