Asia Capital Real Estate Acquires Multifamily Property In Riverview For $61M
SOLD
$61,000,000
Florida
See Similar DealsMultiFamily92,188 SF
Sold 06/16/2020
SOLD
Asia Capital Real Estate Acquires Multifamily Property In Riverview For $61M
9960 Jonas Salk Dr, Riverview, FL, USA
See Similar DealsMultiFamily92,188 SF
Sold 06/16/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$661
Total Square Footage:92,188 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$216,720.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$289,171.12
Annual Debt Service$3,470,053.45
Is there something missing? Send suggestions