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JT Capital Acquires West Melbourne Multifamily From Passco Companies For $84.7M

4550 Explorer Drive
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This MultiFamily property located in FL was sold for $84,700,000 about 2 years ago. The brokers of the deal were Ken DelVillar and Jay Ballard

Located in West Melbourne, the multifamily property at 4550 Explorer Dr has changed hands in a recent transaction. The sale took place on January 10, 2022, with a total sale price of $84,700,000. The property is situated in a desirable market, offering potential for future growth and investment.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $84,700,000
  • Address: 4550 Explorer Dr
  • Market: West Melbourne

The buyer, JT Capital represented by Rohun Jauhar, acquired the property from Passco Companies. The transaction was facilitated by Ken Delvillar and Jay Ballard from JLL Capital Markets, who acted as the brokers.

This successful transaction demonstrates the ongoing activity and potential within the West Melbourne market. The collaboration between JT Capital and the brokers, Ken Delvillar and Jay Ballard, contributed to the smooth execution of the sale, ultimately benefiting all parties involved.

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Deals
  • Location
    4550 Explorer Dr, West Melbourne, FL 329044550 Explorer Dr, West Melbourne, FL 32904
  • Sale Price
    $84,700,000$84,700,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Ken DelVillar

Ken DelVillar

Deals6
Sold$318.7M

Jay Ballard

Jay Ballard

Deals5
Sold$248.1M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Jay Ballard, Rohun Jauhar & Ken Delvillar DATE: 01/10/2022 ADDRESS: 4550 Explorer Dr MARKET: West Melbourne ASSET TYPE: Multifamily BUYER: JT Capital - Rohun Jauhar SELLER: Passco Companies BROKERS: Ken Delvillar & Jay Ballard - JLL Capital Markets SALE PRICE: $84,700,000

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4550 Explorer Drive

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