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Morgan Properties Acquires Multifamily Portfolio In West Palm Beach For $132.5M

Property Image
SOLD
$132,500,000
Jose Mota
Roberto Pesant
Omar Morales
+ 1

Florida

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MultiFamily17,354 SF
Sold 10/28/2021
the dealplayerscompscontact
Property Image
SOLD

Morgan Properties Acquires Multifamily Portfolio In West Palm Beach For $132.5M

1441 Brandywine Road, West Palm Beach, FL, USA

See Similar Deals
MultiFamily17,354 SF
Sold 10/28/2021
Jose Mota
Roberto Pesant
Omar Morales
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$7,635
Total Square Footage:17,354 SF
Transaction Type:Sale

Three multifamily properties located at 1441, 1651, and 2111 Brandywine Road in West Palm Beach have been sold in a recent transaction. The buyer of these properties is Morgan Properties, while the seller is the Northland Investment Corporation.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $132,500,000
  • Units: 622
  • Price Per Unit: $213,023

Leading the transaction were brokers Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia.

This sale marks a significant deal in the West Palm Beach market, with three multifamily properties changing ownership. The buyer, Morgan Properties, has added these properties to their portfolio, while the seller, the Northland Investment Corporation, has completed this transaction for an impressive sale price of $132,500,000. The brokers, Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota, played a crucial role in facilitating the deal between the buyer and the seller.

Players

Jaret Turkell
Berkadia
Jaret Turkell
49 deals$3.2B volume
BROKER
Roberto Pesant
Berkadia
Roberto Pesant
32 deals$2.3B volume
BROKER
Omar Morales
Berkadia
Omar Morales
40 deals$2.7B volume
BROKER
Jose Mota
Cushman & Wakefield
Jose Mota
22 deals$1.2B volume(786) 886-9804
BROKER
Northland
Northland
SELLER

Details

SOLD
IMAGE: Jaret Turkell, Roberto Pesant, Omar Morales & Jose Mota DATE: 10/28/2021 ADDRESS: 1441, 1651 & 2111 Brandywine Road MARKET: West Palm Beach ASSET TYPE: Multifamily BUYER: Morgan Properties SELLER: Northland Investment Corporation BROKERS: Jaret Turkell (@Deal_Crush), Roberto Pesant, Omar Morales (@OmarMora1es) & Jose Mota (@JoseRMota) - @berkadia SALE PRICE: $132,500,000 UNITS: 622 ~ PPU: $213,023

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