TLR Group Acquires Multifamily In Clearwater For $80.2M With Mortgage Broker CBRE Capital Markets
530 Fairwood Avenue, Clearwater, Florida 33759, United States
$80,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 4, 2022
AI
Located at 530 Fairwood Ave. in Clearwater, this multifamily property has recently been sold for a total price of $80,200,000. The transaction took place on April 5th, 2022, and the property consists of 372 units, with a price per unit of $215,591. The buyer is TLR Group, a prominent real estate company.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,200,000
- Address: 530 Fairwood Ave., Clearwater
- Units: 372
- PPU: $215,591
The mortgage broker involved in this transaction was Eric Fixler, representing CBRE Capital Markets. Eric Fixler played a crucial role in facilitating the financing for this sale.
Players
Clearwater 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93