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4795 Cypress Gardens Loop, ...

DTN Management Company Acquires MultiFamily Property In Fort Myers For $46.2M
SOLDMultiFamily

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

Tyler Minix

Newmark

Broker

$413.9M

vol

8 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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