Black Creek Group Acquires 340-unit Multifamily Asset In Davie For $79.1M
SOLD
$79,100,000
Florida
See Similar DealsMultiFamily1,072 SF
Sold 11/05/2020
SOLD
Black Creek Group Acquires 340-unit Multifamily Asset In Davie For $79.1M
11000 Cameron Ct, Davie, FL 33324, USA
See Similar DealsMultiFamily1,072 SF
Sold 11/05/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$73,787
Total Square Footage:1,072 SF
Transaction Type:Sale
The multifamily property located at 11000 Cameron Court in Davie was recently sold for a total price of $79,100,000. The property comprises a total of 340 units, with a price per unit of $232,647. The transaction was completed on 11/05/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $79,100,000
- Address: 11000 Cameron Court
- Market: Davie
- Units: 340
- Price Per Unit: $232,647
The buyer of the property was Black Creek Group, represented by Raj Dhanda. The seller of the property was CIM Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,218,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$281,025.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$374,974.35
Annual Debt Service$4,499,692.26
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