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JLL Capital Markets Americas Brokers $68.9M Multifamily Sale In Oviedo

Property Image
SOLD
$68,950,000

Florida

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MultiFamily
Sold 12/03/2021
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Property Image
SOLD

JLL Capital Markets Americas Brokers $68.9M Multifamily Sale In Oviedo

940 City Plaza Way, Oviedo, FL, USA

See Similar Deals
MultiFamily
Sold 12/03/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 940 City Plaza Way in Oviedo has been sold for a total of $68,950,000. The property consists of 275 units, with an average price per unit of $250,727.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $68,950,000
  • Units: 275
  • Average Price Per Unit: $250,727

The sale of this multifamily property was facilitated by brokers Ken DelVillar and Jay Ballaard from JLL Capital Markets Americas.

Players

Jay Ballard
5 deals$248.1M volume
BROKER

Ken DelVillar
JLL
10 deals$551.6M volume
BROKER

Details

SOLD
IMAGE: Ken DelVillar & Jay Ballaard DATE: 12/03/2021 ADDRESS: 940 City Plaza Way MARKET: Oviedo ASSET TYPE: Multifamily BROKERS: Ken DelVillar & Jay Ballaard - JLL Capital Markets Americas SALE PRICE: $68,950,000 UNITS: 275 ~ PPU: $250,727

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

$3,677,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$244,964.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$326,858.18
Annual Debt Service$3,922,298.12