Duncan Hillsley Capital Acquires Sunrise Condo For $25.1M
SOLD
$25,100,000
Florida
See Similar DealsSold 08/01/2022
SOLD
Duncan Hillsley Capital Acquires Sunrise Condo For $25.1M
4001 North University Drive, Sunrise, Florida 33351, United States
See Similar DealsSold 08/01/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$89,174.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,986.81
Annual Debt Service$1,427,841.67
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