Scott Everett Acquires Other Multi-Family Property In Jupiter, FL For $127M
SOLD
$127,000,000
Florida
See Similar DealsMultiFamily127,432 SF
Sold 03/28/22
SOLD
Scott Everett Acquires Other Multi-Family Property In Jupiter, FL For $127M
6701 Mallards Cove, Jupiter, Florida 33458, United States
See Similar DealsMultiFamily127,432 SF
Sold 03/28/22
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$996
Total Square Footage:127,432 SF
Transaction Type:Sale
The property asset involved in this transaction is a Other Multi-Family located at 6701 Mallards Cove Rd, Jupiter, FL. The property has a total square footage of 127,432 and was sold for a price of $127,000,000, resulting in a price per square foot of $997.
Summary of transaction details
- Property Type: Other Multi-Family
- Transaction Amount: $127,000,000
- Address: 6701 Mallards Cove Rd, Jupiter, FL
- Square Footage: 127,432
- Seller: Lawrence Gottediener & Matthew R. Gottesdiener
- Buyer: Scott Everett
In this transaction, the seller was represented by Lawrence Gottediener & Matthew R. Gottesdiener as their representatives, while Scott Everett acted as the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$451,204.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$602,044.79
Annual Debt Service$7,224,537.51
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