Updated Oct 28, 2024
Air Communities Acquires Pembroke Pines Multifamily From Harbor Group International LLC For $222.7M
10170 Southwest 7th Street, Miami, FL 33174, USA
$222,700,000
$403/SF
Building Size
552,359 SF
Asset Type
MultiFamily
Closing
Jun 21, 2020
About this deal
AI
An multifamily property located at 10170 SW 7th St in Pembroke Pines was recently sold for $222,700,000. The property consists of 700 units, with an average price per unit of $318,143.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $222,700,000
- Address: 10170 SW 7th St
- Market: Pembroke Pines
Air Communities, represented by Terry Considine, purchased the property from Harbor Group International LLC, represented by Jordan E. Slone and Richard Litton.
The multifamily sale at 10170 Southwest 7th Street, Miami, FL 33174, USA in Miami, Florida sold for $222.7M in 2020. Reported inventory is 552,359 square feet across 700 units, or about 403 per square foot. Named participants on the 10170 Southwest 7th Street, Miami, FL 33174, USA sale are Terry Considine, Jordan Slone, Richard Litton. This page is the Miami, Florida file for the 10170 Southwest 7th Street, Miami, FL 33174, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else sold near 10170 Southwest 7th Street, Miami, FL 33174, USA around 2020. Published consideration for 10170 Southwest 7th Street, Miami, FL 33174, USA is $222.7M, dated 2020. Cite this Air Communities Acquires Pembroke Pines Multifamily From Harbor Group International LLC For $222.7M sale when underwriting similar multifamily product around Miami, Florida.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Terry Considine to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93