Friday, January 15, 2021
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Park at Kensington/6218 Watermark Drive

Address Park at Kensington/6218 Watermark Drive
City/State: Riverview, Florida - FL
Size: 204 Unit
Property type: Multifamily
Status: SOLD
Transaction Date: 10/15/2018
Buyer: Resource Apartment REIT III Inc.
Seller: Blue Rock Partners
Price: $28,700,000
Price per unit /sqft: $140,686


Note:

93 percent leased.

CBRE Capital Markets arranged a $21.8 million mortgage to facilitate the acquisition. The loan pays a coupon of 4.36 percent and matures on Oct. 1, 2025. It requires only interest payments for the first three years, then amortizes on a 30-year schedule.



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