Updated Oct 29, 2024
Berkadia Brokers $57.75M Sale Of Multifamily Property On Echelon Way In Davenport
6100 Echelon Way, Davenport, FL, USA
$57,750,000
$39,099/SF
Building Size
1,477 SF
Asset Type
MultiFamily
Closing
Mar 25, 2021
About this deal
AI
The multifamily property located at 6100 Echelon Way in Davenport was recently sold for a price of $57,750,000. The sale was facilitated by Berkadia, a prominent brokerage firm in the industry. The property consists of 250 units, and the price per unit (PPU) comes to $231,000. The transaction took place on March 26, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,750,000
- Address: 6100 Echelon Way
- Market: Davenport
- Seller: The Garrett Cos. - Eric M. Garrett
- Broker: Berkadia
- Units: 250
- PPU: $231,000
Eric M. Garrett, representing The Garrett Cos., played a significant role in the transaction. His expertise and guidance were crucial in ensuring the successful sale of the property.
Players
Davenport 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93