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180 E Dania Beach BLVD, Dan...

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

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...

$38,000,000

$179/SF

Building Size

211,257 SF

Asset Type

MultiFamily

Closing

Oct 15, 2018

AI

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

CBRE

Broker

$4.2B

vol

44 deals

Broker

Dania 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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93