REBusinessOnline

Southeast

Passco Acquires Apartment Community in Florida’s Space Coast for $53.5M

The Haven at West Melbourne is a 336-unit apartment community located at 4550 Explorer Drive in West Melbourne, part of Florida’s ‘Space Coast’ in Brevard County.

The Haven at West Melbourne is a 336-unit apartment community located at 4550 Explorer Drive in West Melbourne, part of Florida’s ‘Space Coast’ in Brevard County.

WEST MELBOURNE, FLA. — Passco Cos. has purchased The Haven at West Melbourne, a 336-unit apartment community located at 4550 Explorer Drive in West Melbourne, part of Florida’s “Space Coast” in Brevard County along the Atlantic Ocean. Community amenities include a resort-style pool and sundeck, business center, sand volleyball court, children’s play park and a yoga center. The property was 95 percent occupied at the time of sale. Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Orlando office represented the seller, Flournoy Cos., in the transaction. Chris Black of KeyBank Real Estate Capital arranged acquisition financing through Fannie Mae on behalf of Passco Cos.

Tagged

Related Posts