TruAmerica Multifamily Acquires Altamonte Springs Property From Prospect Capital Corporation
525 One Center BLVD, Altamonte Spri...
Building Size
420,382 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 525 One Center BLVD, Altamonte Springs. The seller of the property is Prospect Capital Corporation. The total area of the property is 420,382 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 525 One Center BLVD, Altamonte Springs
- Seller: Prospect Capital Corporation
- Buyer: TruAmerica Multifamily
- Seller's Representative: Justin Basquill (Marcus & Millichap)
The transaction involves TruAmerica Multifamily as the buyer, with Justin Basquill from Marcus & Millichap representing the seller in this deal. The involvement of these key individuals highlights the collaboration between the buyer and the seller through professional brokerage services.
On the Map
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93