Westdale Asset Management Acquires Multifamily Property In Palmetto Bay For $58.2M
$58,248,777
SOLD
$58,248,777
Florida
See Similar DealsMultiFamily1,145 SF
Sold 07/12/2020
$58,248,777
SOLD
Westdale Asset Management Acquires Multifamily Property In Palmetto Bay For $58.2M
18301 South Dixie Highway, Miami, FL, USA
See Similar DealsMultiFamily1,145 SF
Sold 07/12/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$50,872
Total Square Footage:1,145 SF
Transaction Type:Sale
The multifamily property located at 18301 S Dixie Hwy in the Palmetto Bay market was sold for $58,248,777. The asset consists of 213 units with a per unit price of $273,468.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $58,248,777
- Buyer: Westdale Asset Management, Ltd
- Seller: The Estate Companies
- Brokers: Neyda Bravo & - Bravo & Partners Realty
- Units: 213
- Price Per Unit: $273,468
Neyda Bravo, representing Bravo & Partners Realty, facilitated the transaction between Westdale Asset Management, Ltd and The Estate Companies. This comprehensive deal highlights the involvement of key players in the multifamily property sector.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,106,601.44
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$206,945.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$276,128.92
Annual Debt Service$3,313,547.04
Is there something missing? Send suggestions