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
About this deal
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.
The other sale at 8763 Barcin Cir Riverview, FL 33578, USA in Miami, Florida sold for $7.4M in 2023. 8763 Barcin Cir Riverview, FL 33578, USA is classified as Other on Traded. Berkadia appears on the sale alongside Berkadia. This page is the Miami, Florida file for the 8763 Barcin Cir Riverview, FL 33578, USA other sold: pricing, party profiles, and other closed other comps from the same Miami sit in the Market section below. Filter that Miami other set by closing date to see what else sold near 8763 Barcin Cir Riverview, FL 33578, USA around 2023. Published consideration for 8763 Barcin Cir Riverview, FL 33578, USA is $7.4M, dated 2023. Cite this Philips International Acquires Alafia Riverfront Manufactured Housing Community In Riverview For $7.4M sale when underwriting similar other product around Miami, Florida.
On the Map
$7,400,000
Other
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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