Updated Dec 20, 2023
JBM Institutional Multifamily Sells Multifamily Properties In Sarasota & Estero For $221.7M
5671 Mauna Loa Boulevard, Sarasota, Florida 34240, United States
$221,700,000
Building Size
—
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
The multifamily property located at 5671 Mauna Loa Blvd & 22980 Vista Edera Cir was recently sold in a transaction in Sarasota and Estero. The sale took place on 05/19/2022 and was facilitated by JBM Institutional Multifamily. The property was sold for a total price of $221,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $221,700,000
- Address: 5671 Mauna Loa Blvd & 22980 Vista Edera Cir
- Market: Sarasota & Estero
The sale of the property was made possible by the efforts of JBM Institutional Multifamily, who acted as the broker in the transaction. The involvement of the broker highlights their expertise and knowledge in the multifamily property market.
Players
Sarasota MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93