Philips International Acquires Alafia Riverfront Manufactured Housing Community In Riverview For $7.4M
8763 Barcin Cir Riverview, FL 33578, USA
$7,400,000
Building Size
—
Asset Type
Other
Closing
Jul 5, 2023
AI
Philips International has purchased the Alafia Riverfront manufactured housing community in Riverview, Florida, for $7.4 million. The property consists of 96 homesites and was sold by a private individual, with the deal facilitated by HARRI5.
Summary of transation details
- Property Type: Residential
- Transaction Amount: $7,400,000
- Date: 07/05/2023
- Address: 8763 Barcin Circle, Riverview, Florida
- Market: Riverview
The buyer, Philips International, was represented by Roy Jakobs. The deal was facilitated by HARRI5. The lender for this transaction was Berkadia Commercial Mortgage.
Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93