Equus Capital Partners Acquires Multifamily Property In Naples For $82.25M
SOLD
$82,250,000
Florida
See Similar DealsMultiFamily12,632 SF
Sold 01/08/2021
SOLD
Equus Capital Partners Acquires Multifamily Property In Naples For $82.25M
Inspira Apartments, Inspira Circle, Naples, FL 34113, USA
See Similar DealsMultiFamily12,632 SF
Sold 01/08/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$6,511
Total Square Footage:12,632 SF
Transaction Type:Sale
An $82,250,000 multifamily property located at 7425 Inspira Circle in Naples has been sold. The property consists of 304 units, with each unit having a price per unit of $270,559.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $82,250,000
- Address: 7425 Inspira Circle
- Market: Naples
The buyer, Equus Capital Partners Ltd., represented by Daniel M. DiLella, successfully closed the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$292,216.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$389,906.96
Annual Debt Service$4,678,883.54
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