Updated Oct 28, 2024
Asia Capital Real Estate Acquires Multifamily Property In Riverview For $61M
9960 Jonas Salk Dr, Riverview, FL, USA
$61,000,000
$661/SF
Building Size
92,188 SF
Asset Type
MultiFamily
Closing
Jun 16, 2020
About this deal
AI
An multifamily property located at 9960 Jonas Salk Dr in Riverview has been sold for $61,000,000. The property consists of 264 units, with a price per unit of $231,061.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $61,000,000
- Address: 9960 Jonas Salk Dr
- Market: Riverview
- Buyer: Asia Capital Real Estate - Les Menkes & Michael Van Der Poel
- Seller: Lindell Investments - Carl Lindell Jr. & Jack Weisser; Investors Realty
- Units: 264
- Price Per Unit: $231,061
The buyer of the property is Asia Capital Real Estate, represented by Les Menkes and Michael Van Der Poel. The seller of the property is Lindell Investments, with Carl Lindell Jr. and Jack Weisser as the representatives. Investors Realty also played a role in the transaction.
Players
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93