Delta Construction Sells 535 Pre Construction Single Family Residences In North East & North West Cape Coral For $155.15M
Cape Coral, Florida, United States
$155,150,000
$172/SF
Building Size
900,405 SF
Asset Type
Single Family Residence
Closing
Aug 2, 2022
AI
Delta Construction has sold a portfolio of 535 pre-construction single-family residences in North East & North West Cape Coral. The sale, facilitated by Brad Cozza of Cozza Investment Group, was completed for a total price of $155,150,000, with each residence having an average square footage of 900,405 and a price per square foot of $172.
Summary of transaction details
- Property Type: 535 Pre Construction Single Family Residences
- Transaction Amount: $155,150,000
- Market: North East & North West Cape Coral
- Seller: Delta Construction
- Broker: Brad Cozza - Cozza Investment Group
The deal was closed on 8th March 2022, and the properties are located in the North East & North West Cape Coral market. The seller, Delta Construction, enlisted the services of Brad Cozza from Cozza Investment Group as their broker representative in the transaction.
Players
Cape Coral Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93