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
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