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
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