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.
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