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Guillermina Dawson’s Trust Acquires Property In Dania Beach For $38 Million With James Quinn As Seller's Representative

Property Image
SOLD
$38,000,000
Robert Given
James Quinn
+ 1

Florida

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MultiFamily211,257 SF
Sold 10/15/2018
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Property Image
SOLD

Guillermina Dawson’s Trust Acquires Property In Dania Beach For $38 Million With James Quinn As Seller's Representative

180 E Dania Beach BLVD, Dania Beac...

See Similar Deals
MultiFamily211,257 SF
Sold 10/15/2018
Robert Given
James Quinn
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:211,257 SF
Transaction Type:Sale

The apartment complex located at 180 E Dania Beach Boulevard in Dania Beach has been sold for $38,000,000.00. This recently completed seven-story building, known as The Place at Dania Beach, encompasses a total of 211,257 square feet. It consists of 144 units, which translates to approximately $264,000 per unit. The property is situated on 1.94 acres and also features 6,771 square feet of ground-floor retail space.

Summary of transaction details:

  • Property Type: Apartment Complex
  • Transaction Amount: $38,000,000.00
  • Address: 180 E Dania Beach Boulevard, Dania Beach
  • Market: Dania
  • Buyer: Guillermina Dawson’s Trust
  • Seller's Representative: James Quinn (Cushman & Wakefield)
  • Square Footage: 211,257
  • Units: 144
  • Ground-Floor Retail: 6,771 square feet
  • Acreage: 1.94 acres

The transaction was facilitated by a team from Cushman & Wakefield, comprising Robert Given, Troy Ballard, Zachary Sackley, and James Quinn, who represented the seller, AHS Residential, during the sale.

Players

Robert Given
44 deals$4.2B volume(561) 213-5297
BROKER

Troy Ballard
CBRE
22 deals$3B volume
BROKER

James Quinn
Cushman & Wakefield
5 deals$151.7M volume
BROKER

Zachary (Zach) Sackley
CBRE
10 deals$555.4M volume(305) 772-4316
BROKER

Details

SOLD
IMAGE: 180 E Dania Beach BLVD, Dania Beac... MARKET: Dania SELLER'S REP: James Quinn(Cushman & Wakefield) BUYER: Guillermina Dawson’s Trust SELLER: PRICE: $38,000,000.00 SF: 211257

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,026,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64