James & Marta Batmasian - Investments Limited Acquires Multifamily Property In Deerfield Beach For $46M

The multifamily property located at 1100 South Military Trail in Deerfield Beach has been sold for a total of $46,000,000. The property consists of 212 units, with an average price per unit of $216,981. The total square footage of the property is 206,720, resulting in a price per square foot of $223. The property spans across 14 acres, with an average price per acre of $3,285,714.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Units: 212
• Price per Unit: $216,981
• Square Footage: 206,720
• Price per Square Foot: $223
• Acres: 14
• Price per Acre: $3,285,714

The buyers of the property are James and Marta Batmasian from Investments Limited. The sellers are GFI Capital Resources Group, represented by Allen Gross. The deal was facilitated by brokers Tal Frydman and Hampton Beebe from Newmark.