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Drax Investments Properties II LLC Acquires 23-Unit Multifamily Property In Lauderhill For $2.35M

Property Image
SOLD
$2,350,000
Austin M. Michels
Brandon Rex
Evan Kristol

Florida

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MultiFamily13,800 SF
Sold 05/01/2025
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SOLD

Drax Investments Properties II LLC Acquires 23-Unit Multifamily Property In Lauderhill For $2.35M

2082 Northwest 43rd Terrace

See Similar Deals
MultiFamily13,800 SF
Sold 05/01/2025
Austin M. Michels
Brandon Rex
Evan Kristol
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:13,800 SF
Transaction Type:Sale

Drax Investments Properties II LLC has acquired a 23-unit multifamily property located at 2082 Northwest 43rd Terrace in Lauderhill. The asset spans 13,800 square feet and was sold for $2.35 million, reflecting a price per square foot of $170.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,350,000
  • Address: 2082 Northwest 43rd Terrace
  • Market: Lauderhill
  • Square Footage: 13,800
  • Price per Square Foot: $170
  • Buyer: Drax Investments Properties II LLC
  • Seller: BlueRock Property Group LLC
  • Brokers: Austin Michels, Brandon Rex & Evan Kristol - Marcus & Millichap
  • New Debt: $1.41 million maturing in 2027
  • Community: Hidden Forest, zoned RM-18

The transaction was facilitated by brokers Austin Michels, Evan Kristol, and Brandon Rex of Marcus & Millichap, reflecting their involvement in closing the deal between Drax Investments Properties II LLC and BlueRock Property Group LLC.

Players

Evan Kristol
Marcus & Millichap
Evan Kristol
59 deals$415.5M volume
BROKER
Brandon Rex
Marcus & Millichap
Brandon Rex
25 deals$191.8M volume
BROKER
Austin M. Michels
Marcus & Millichap
Austin M. Michels
32 deals$142.1M volume(954) 245-3439
BROKER

Details

SOLD
IMAGE: Austin Michels, Evan Kristol & Brandon Rex DATE: 05/01/2025 ADDRESS: 2082 Northwest 43rd Terrace MARKET: Lauderhill ASSET TYPE: Multifamily BUYER: Drax Investments Properties II LLC SELLER: BlueRock Property Group LLC BROKERS: Austin Michels, Brandon Rex & Evan Kristol (@Evan.Kristol) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,350,000 SF: 13,800 ~ PPSF: $170 NOTE: DRAX Investments Properties II LLC acquired a 23-unit, 13,800 SF multifamily property at 2082 NW 43 Terrace in Lauderhill for $2.35M from Bluerock Property Group LLC, with $1.41M in new debt maturing in 2027. The deal, brokered by Marcus & Millichap’s Austin Michels, Evan Kristol, and Brandon Rex, is part of the Hidden Forest community zoned RM-18.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$8,349.06
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