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
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.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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