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CF Real Estate Services Acquires Multifamily Property In Yulee For $44.1M

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SOLD
$44,100,000

Florida

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MultiFamily879 SF
Sold 11/11/2020
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SOLD

CF Real Estate Services Acquires Multifamily Property In Yulee For $44.1M

86195 Courtney Isles Way

See Similar Deals
MultiFamily879 SF
Sold 11/11/2020
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$50,170
Total Square Footage:879 SF
Transaction Type:Sale

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

Bobby Gatling
9 deals$549.3M volume(904) 437-5251
BROKER

Brian Moulder
Walker & Dunlop
17 deals$1.3B volume(904) 718-8222
BROKER

Dhaval Patel
10 deals$628.8M volume(407) 712-6651
BROKER

BUYER

Details

SOLD
IMAGE: Brian Moulder, Dhaval Patel, & Bobby Gatling⁠ DATE: 11/11/2020⁠ ADDRESS: 86195 Courtney Isles Way⁠ MARKET: Yulee⁠ ASSET TYPE: Multifamily⁠ ⁠ BUYER: CF Real Estate Services⁠ SELLER: RAIA Capital Management⁠ BROKERS: Brian Moulder, Dhaval Patel, & Bobby Gatling - Walker & Dunlop⁠ ⁠ PRICE: $44,100,000⁠ UNITS: 240 ~ PPU: $183,750

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,352,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$156,677.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$209,056.50
Annual Debt Service$2,508,677.99