2035 Dracena Drive Multifamily Sold For $24M With David Weinberger, Phil Seymour & Jonathan Taksa At The Seymour Group & Taksa Investment Group

The multifamily property located at 2035 Dracena Drive has been sold in a recent transaction. The property comprises 60 units with a total area of 66,768 square feet. The sale price for this property was $24,000,000, resulting in a price per square foot of $359.45. The price per unit was $400,000, and the capitalization rate was 3.2%. The property's gross rent multiplier (GRM) was 19.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,000,000
• SF: 66,768
• PPSF: $359.45
• Units: 60
• PPU: $400,000
• CAP: 3.2%
• GRM: 19

The sale of this multifamily property was facilitated by brokers David Weinberger and Phil Seymour from The Seymour Group, along with Jonathan Taksa from Taksa Investment Group.