Updated Oct 28, 2024
KPC Properties Acquires 204-Unit Multifamily In Plantation For $46M
1 S Pine Island Rd, Plantation, FL, USA
$46,000,000
$201/SF
Building Size
228,275 SF
Asset Type
MultiFamily
Closing
Jun 28, 2020
About this deal
AI
The multifamily property located at 1 S Pine Island Rd in Plantation has been sold in a recent transaction. The sale took place on June 28, 2021, and was facilitated by brokers Tal Frydman and Hampton Beebe from Newmark. The property, consisting of 204 units, spans across 228,275 square feet. The sale price for this transaction was $46,000,000, resulting in a price per unit of $225,490 and a price per square foot of $202.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Units: 204
- Price per Unit: $225,490
- Square Footage: 228,275
- Price per Square Foot: $202
- Address: 1 S Pine Island Rd, Plantation
- Market: Plantation
- Buyer: KPC Properties
- Seller: Pensam Capital
The deal was finalized between the buyer, KPC Properties, and the seller, Pensam Capital. Tal Frydman and Hampton Beebe from Newmark represented both parties as brokers in this transaction.
On the Map
$46,000,000
$201/SF
MultiFamily
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Plantation MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93