Duncan Hillsley Capital Acquires Sunrise Condo For $25.1M
4001 North University Drive, Sunrise, Florida 33351, United States
$25,100,000
Building Size
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Asset Type
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Closing
Jul 31, 2022
AI
The property involved in this transaction is a condo located at 4001 North University Drive in Sunrise. The sale took place on August 1, 2022. The asset consists of 143 units and was sold for a total price of $25,100,000, resulting in a per unit price of $175,524.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $25,100,000
- Address: 4001 North University Drive
- Market: Sunrise
The buyer of the property is Duncan Hillsley Capital, represented by Thomas Duncan & Shane Hillsley. The seller, on the other hand, is Michael Montero.
Players
Sunrise CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93