Rental Asset Management Acquires Multifamily Property In Boca Raton For $20M

A multifamily property located at 1601 NW 13th Street in Boca Raton has been sold for $20,000,000. The property consists of 84 units, with an average price per unit of $238,095. The total square footage of the property is 77,220, resulting in a price per square foot of $259.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Address: 1601 NW 13th Street, Boca Raton
• Market: Boca Raton

The buyer in this transaction was Rental Asset Management, represented by Axel Jordan & German Guzman. The seller was Country Club Village, with Oded Meltzer as the seller's representative. The deal was facilitated by Calum Weaver, Perry Synanidis, and Garrett Pordes from Cushman & Wakefield.