CF Real Estate Services Acquires Multifamily Property In Yulee For $44.1M
86195 Courtney Isles Way
$44,100,000
$50,170/SF
Building Size
879 SF
Asset Type
MultiFamily
Closing
Nov 11, 2020
AI
The recent sale in Yulee involved a multifamily property located at 86195 Courtney Isles Way. The transaction took place on 11/11/2020 and was facilitated by Brian Moulder, Dhaval Patel, and Bobby Gatling from Walker & Dunlop. CF Real Estate Services acquired the property from RAIA Capital Management for a total price of $44,100,000. The property consists of 240 units, resulting in a per unit price of $183,750.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $44,100,000
- Address: 86195 Courtney Isles Way
- Market: Yulee
- Buyer: CF Real Estate Services
- Seller: RAIA Capital Management
- Brokers: Brian Moulder, Dhaval Patel, & Bobby Gatling - Walker & Dunlop
The successful acquisition of the multifamily property was facilitated by the brokers, Brian Moulder, Dhaval Patel, and Bobby Gatling from Walker & Dunlop. CF Real Estate Services emerged as the buyer in this transaction, while RAIA Capital Management served as the seller. The deal was completed for a total price of $44,100,000, showcasing the robust nature of the transaction in the Yulee market. With 240 units available, the per unit price for this multifamily property was $183,750.
Players
Yulee 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93