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Engel Realty Company Acquires Multifamily Property In New Port Richey For $15.6M

7541 Highwater Drive⁠
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This MultiFamily property located in FL was sold for $15,600,000 over 3 years ago. The brokers of the deal were Nicholas (Nick) Meoli and Michael (Mike) Donaldson

Engel Realty Company has acquired a multifamily property located at 7541 Highwater Drive in New Port Richey. The transaction, which took place on 12/03/2020, involved the sale of the property for a total of $15,600,000. The asset consists of 152 units, resulting in a price per unit of $102,632. The property is situated in the New Port Richey market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,600,000
  • Units: 152
  • Price Per Unit: $102,632

The transaction was facilitated by brokers Mike Donaldson and Nike Meoli from Cushman & Wakefield.

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Deals
  • Location
    7541 Highwater Drive, New Port Richey, FL, USA7541 Highwater Drive, New Port Richey, FL, USA
  • Sale Price
    $15,600,000$15,600,000
    $115 PPSF$115 PPSF
  • Area
    135,600 SF135,600 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Nicholas (Nick) Meoli

Nicholas (Nick) Meoli

Deals18
Sold$710.1M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

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Deal Summary

SALE⁠ IMAGE: Mike Donaldson & Nike Meoli⁠ DATE: 12/03/2020⁠ ADDRESS: 7541 Highwater Drive⁠ MARKET: New Port Richey⁠ ASSET TYPE: Multifamily⁠ ⁠ BUYER: Engel Realty Company⁠ SELLER: HKSK Corp.⁠ BROKERS: Mike Donaldson & Nike Meoli - Cushman & Wakefield⁠ ⁠ PRICE: $15,600,000⁠ UNITS: 152 ~ PPU: $102,632⁠

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7541 Highwater Drive⁠

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