Updated Oct 28, 2024
Cortland Acquires Multifamily Asset In Kendall, FL For $99M
15000 SW 104th St, Kendall, Florida, USA
$99,000,000
$327/SF
Building Size
302,736 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
The multifamily property located at 15000 SW 104th St in Kendall, FL has been sold in a recent transaction. The sale was finalized on 09/30/2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $99,000,000
- Square Footage: 302,736
- Number of Units: 424
- Price Per Square Foot: $327
- Price Per Unit: $233
- Market: Kendall, FL
Cortland, represented by Steven DeFrancis, acquired the property from American Landmark Apartments, with Joe Lubeck representing the seller. The sale was facilitated by brokers Maurice Habif, Simon Banke, Jo Rousseau, Luca Victoria, and Ted Taylor from JLL.
On the Map
$99,000,000
$327/SF
MultiFamily
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Players
Kendall 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93