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

Property Image
SOLD
$46,000,000
Hampton Beebe
James Batmasian
+ 2

Florida

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MultiFamily206,720 SF
Sold 06/28/2020
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Property Image
SOLD

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

1100 South Military Trail, Deerfield Beach, FL, USA

See Similar Deals
MultiFamily206,720 SF
Sold 06/28/2020
Hampton Beebe
James Batmasian
+ 2
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$222
Total Square Footage:206,720 SF
Transaction Type:Sale

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.

Players

Hampton Beebe
19 deals$1.2B volume(561) 210-4129
BROKER

Tal Frydman
Newmark
16 deals$658.9M volume
BROKER

James Batmasian
15 deals$223.9M volume
BUYER


Allen Gross
GFI Capital
5 deals$191.1M volume
SELLER

Details

SOLD
IMAGE: Hampton Beebe, Tal Frydman, James Batmasian, Allen Gross & Marta Batmasian DATE: 06/28/2021 ADDRESS: 1100 South Military Trail MARKET: Deerfield Beach ASSET TYPE: Multifamily BUYER: James & Marta Batmasian - Investments Limited SELLER: GFI Capital Resources Group - Allen Gross BROKERS: Tal Frydman & Hampton Beebe - Newmark SALE PRICE: $46,000,000 UNITS: 212 ~ PPU: $216,981 SF: 206,720 ~ PPSF: $223 ACRES: 14 ~ PPA: $3,285,714

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,453,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62