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18301 South Dixie Highway, ...

SOLDMultiFamily

Westdale Asset Management Acquires Multifamily Property In Palmetto Bay For $58.2M

18301 South Dixie Highway, Miami, FL, USA

$58,248,777

$50,872/SF

Building Size

1,145 SF

Asset Type

MultiFamily

Closing

Jul 12, 2020

AI

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:

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

Neyda Bravo

Bravo & Partners Realty

Broker

$491.1M

vol

17 deals

Broker
WL
Westdale Asset Management, LtdBuyer

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93