KPC Properties Acquires 204-Unit Multifamily In Plantation For $46M

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.