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1100 South Military Trail, ...

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

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

1100 South Military Trail, Deerfield Beach, FL, USA

$46,000,000

$222/SF

Building Size

206,720 SF

Asset Type

MultiFamily

Closing

Jun 28, 2020

AI

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

Newmark

Broker

$1.2B

vol

19 deals

Broker
James Batmasian

James Batmasian

Investments Limited

Buyer

$223.9M

vol

15 deals

Buyer
Allen Gross

Allen Gross

GFI Capital

Seller

$191.1M

vol

5 deals

Seller

Deerfield Beach 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

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93