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
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2022
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.
Riverview MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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