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530 Fairwood Avenue, Clearw...

TLR Group Acquires Multifamily In Clearwater For $80.2M With Mortgage Broker CBRE Capital Markets
SOLDMultiFamily

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

Eric Fixler

Regions Real Estate Capital

Broker

$246.9M

vol

4 deals

Broker
CBRE
CBREBrokerage

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