The Connor Group Acquires Miramar Multifamily For $138M From Bell Partners
11900 Southwest 31st Court, Miramar, Florida 33025, United States
$138,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
The multifamily property located at 11900 Southwest 31st Court & 3040 Southwest 119th Avenue in Miramar has been sold in a closed transaction. The property spans over 28 acres and is composed of 371 units. The sale price for this transaction was $138,000,000, resulting in a per unit price of $371,968.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $138,000,000
- Address: 11900 Southwest 31st Court & 3040 Southwest 119th Avenue, Miramar
- Market: Miramar
The buyer in this transaction is The Connor Group, represented by Larry Connor. The seller of the property is Bell Partners, represented by Jon Bell & Lili Dunn.
Players
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93