DTN Management Company Acquires MultiFamily Property In Fort Myers For $46.2M
4795 Cypress Gardens Loop, Fort Mye...
$46,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
The property at 4795 Cypress Gardens Loop in Fort Myers, a MultiFamily asset, was sold for $46,200,000.00. The transaction involved the seller's representative, Tyler Minix of Newmark, and the buyer, DTN Management Company.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $46,200,000.00
- Address: 4795 Cypress Gardens Loop, Fort Myers
- Seller's Representative: Tyler Minix (Newmark)
- Buyer: DTN Management Company
The buyer in this deal, DTN Management Company, acquired the MultiFamily property located at 4795 Cypress Gardens Loop in Fort Myers from the seller's representative, Tyler Minix of Newmark, for a total price of $46,200,000.00.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93