Morgan Properties Acquires Multifamily Property In Boca Raton For $31.1M

Located at 22356 Calibre Court in Boca Raton, this multifamily property was recently sold in a closed transaction. The property spans 177,931 square feet and sits on a 10.5-acre lot. It consists of 191 units, with an average price per unit of $162,827. The sale price of the property was $31,100,000, resulting in a price per square foot of $175. The transaction took place on 03/05/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,100,000
• Address: 22356 Calibre Court, Boca Raton
• Market: Boca Raton
• Square Footage: 177,931
• Price per Square Foot: $175
• Number of Units: 191
• Price per Unit: $162,827
• Lot Size: 10.5 acres
• Price per Acre: $2,961,905

The buyer of this property is Morgan Properties, represented by Mitch Morgan and Jonothan Morgan. On the other hand, El-Ad National Properties, represented by Yitzhak Tshuva and Noam Ziv, served as the seller in this transaction.