Updated Oct 28, 2024
Independence Realty Trust Acquires Multifamily Property In Riverview For $98M With Buyer's Rep Scott Schaeffer & Seller Valhalla Holdings
9707 Tranquility Lake Cir, Riverview, Florida 33578, United States
$98,000,000
Units
348
Asset Type
MultiFamily
Closing
Sep 18, 2022
About this deal
AI
The multifamily property located at 9707 Tranquility Lake Circle in Riverview has been sold for a price of $98,000,000. The property consists of 348 units, resulting in a per unit price of $281,609.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $98,000,000
- Address: 9707 Tranquility Lake Circle
- Market: Riverview
The buyer of the property is Independence Realty Trust, represented by Scott Schaeffer. The seller is Valhalla Holdings.
The multifamily sale at 9707 Tranquility Lake Cir, Riverview, Florida 33578, United States in Riverview, Florida sold for $98M in 2022. Reported inventory is 348 units across 348 units. Named participants on the 9707 Tranquility Lake Cir, Riverview, Florida 33578, United States sale are Scott Schaeffer. This page is the Riverview, Florida file for the 9707 Tranquility Lake Cir, Riverview, Florida 33578, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Riverview sit in the Market section below. Filter that Riverview multifamily set by closing date to see what else sold near 9707 Tranquility Lake Cir, Riverview, Florida 33578, United States around 2022. Published consideration for 9707 Tranquility Lake Cir, Riverview, Florida 33578, United States is $98M, dated 2022. Cite this Independence Realty Trust Acquires Multifamily Property In Riverview For $98M With Buyer's Rep Scott Schaeffer & Seller Valhalla Holdings sale when underwriting similar multifamily product around Riverview, Florida.
Riverview 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93