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895 Wymore Road, Altamonte ...

The GSH Group Acquires Multifamily Property In Altamonte Springs For $62.8M
SOLDMultiFamily

The GSH Group Acquires Multifamily Property In Altamonte Springs For $62.8M

895 Wymore Road, Altamonte Springs, FL 32714

$62,800,000

$33,799/SF

Building Size

1,858 SF

Asset Type

MultiFamily

Closing

Jun 29, 2020

AI

The multifamily property located at 895 Wymore Rd in Altamonte Springs has been sold for a total price of $62,800,000. The transaction took place on June 29, 2021. The property consists of 320 units, with a price per unit of $196,250. The buyer in this deal is The GSH Group, represented by Gideon Pfeffer. On the other hand, Aspen Square Management served as the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $62,800,000
  • Units: 320
  • Price per Unit: $196,250
  • Buyer: The GSH Group - Gideon Pfeffer
  • Seller: Aspen Square Management

Gideon Pfeffer, from The GSH Group, played a significant role as the buyer's representative in this multifamily sale. The successful transaction highlights the active real estate market in Altamonte Springs.

Players

Gideon Pfeffer

The GSH Group

Buyer

$262.8M

vol

2 deals

Buyer
Aspen Square Management
Aspen Square ManagementSeller

Altamonte Springs 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93