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580 Oakhaven Circle

Marcus & Millichap Sells 160-unit Multifamily Property In Immokalee, Florida For $11.5M
SOLDMultiFamily

Marcus & Millichap Sells 160-unit Multifamily Property In Immokalee, Florida For $11.5M

580 Oakhaven Circle

$11,500,000

$84/SF

Building Size

135,600 SF

Asset Type

MultiFamily

Closing

Mar 16, 2021

AI

A multifamily property located at 580 Oakhaven Cir in Immokalee has been sold for a total of $11,500,000. The property consists of 160 units and was sold at a price of $71,875 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,500,000
  • Units: 160
  • Price Per Unit: $71,875
  • Address: 580 Oakhaven Cir
  • Market: Immokalee

The deal was facilitated by the brokers Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson from Marcus & Millichap.

Players

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker

Immokalee 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93