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Peach Blossom, LLC Acquires Villas Of Jeffersonville In $51.48M Deal
SOLD
$51,480,000
Indiana
See Similar DealsMultiFamily
Sold 08/24/2023
SOLD
Peach Blossom, LLC Acquires Villas Of Jeffersonville In $51.48M Deal
3001 Peach Blossom Dr Jeffersonville, IN 47130, USA
See Similar DealsMultiFamily
Sold 08/24/2023
Summary
INDIANA
Asset Type:MultiFamily
Transaction Type:Sale
The Villas of Jeffersonville, a 264-unit apartment complex located at 3001 Peach Blossom Drive in Jeffersonville, Indiana has been sold for a price of $51,480,000. The property offers spacious units and is strategically situated near Interstate 65 and the River Ridge Commerce Center.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,480,000
- Address: 3001 Peach Blossom Drive
- Market: Jeffersonville, Indiana
Peach Blossom, LLC has acquired the Villas of Jeffersonville from Denton Floyd Real Estate Group. The sale was facilitated by brokers David Badgett Jr. and Josh Caruana, who represented the buyer and seller respectively. Marcus & Millichap played a key role in the transaction, with David Badgett Jr. serving as the seller's representative. The property's prime location near major transportation routes and commercial hubs adds to its desirability.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,745,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$182,897.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$244,041.46
Annual Debt Service$2,928,497.57
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