facebook
Traded Co logo
Submit

Bell Partners Acquires Multifamily Property In Fort Lauderdale For $99.5M

Property Image
SOLD
$99,500,000

Florida

See Similar Deals
MultiFamily1,479 SF
Sold 05/03/2021
the dealplayerscompscontact
Property Image
SOLD

Bell Partners Acquires Multifamily Property In Fort Lauderdale For $99.5M

1015 East Sunrise Boulevard, Fort Lauderdale, FL, USA

See Similar Deals
MultiFamily1,479 SF
Sold 05/03/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$67,275
Total Square Footage:1,479 SF
Transaction Type:Sale

Three multifamily properties located at 1015, 1111, and 1201 East Sunrise Boulevard in Fort Lauderdale have been sold in a recent transaction. The buyer, Bell Partners represented by Jon Bell, acquired the properties from Greystar Real Estate Partners, represented by Bob Faith. The sale was finalized on 05/03/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $99,500,000
  • Units: 279
  • Price Per Unit (PPU): $356,631

The three multifamily properties located on East Sunrise Boulevard in Fort Lauderdale were purchased by Bell Partners, with Jon Bell representing the buyer. The seller, Greystar Real Estate Partners, was represented by Bob Faith. The transaction, with a total price of $99,500,000, involved a total of 279 units, resulting in a price per unit of $356,631.

Players

Jon Bell
5 deals$619.8M volume
BUYER

Bob Faith
Greystar
27 deals$2.4B volume
SELLER

Details

SOLD
IMAGE: Jon Bell & Bob Faith DATE: 05/03/2021 ADDRESS: 1015, 1111 & 1201 East Sunrise Boulevard MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Bell Partners - Jon Bell SELLER: Greystar Real Estate Partners - Bob Faith PRICE: $99,500,000 UNITS: 279 ~ PPU: $356,631

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$353,502.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$471,680.76
Annual Debt Service$5,660,169.15