Updated Mar 6, 2025
Vista Pacific Acquires Multifamily In Boca Raton For $43M
22511 SW 66th Ave, Boca Raton, FL, USA
$43,000,000
$195/SF
Building Size
219,676 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
About this deal
AI
The multifamily property located at 22511 SW 66th Ave in Boca Raton has been sold in a recent transaction. Spanning across 5.8 acres, the property boasts a total of 184 units. The sale price for this transaction was $43,000,000, resulting in a price per unit of $233,696. The total square footage of the property is 219,676, with a price per square foot of $196.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,000,000
- Units: 184
- Price per Unit: $233,696
- Square Footage: 219,676
- Price per Square Foot: $196
- Address: 22511 SW 66th Ave
- Market: Boca Raton
Vista Pacific, represented by Elizabeth Hagins, acquired the property from Axonic Properties, represented by Jonathan Shechtman. Both parties engaged in the successful completion of this transaction, demonstrating their commitment to the real estate market in Boca Raton.
On the Map
$43,000,000
$195/SF
MultiFamily
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Players
Boca Raton 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93