facebook
Traded Co logo
Submit

Vista Pacific Acquires Multifamily In Boca Raton For $43M

Property Image
SOLD
$43,000,000

Florida

See Similar Deals
MultiFamily219,676 SF
Sold 10/28/2021
the dealplayerscompscontact
Property Image
SOLD

Vista Pacific Acquires Multifamily In Boca Raton For $43M

22511 SW 66th Ave, Boca Raton, FL, USA

See Similar Deals
MultiFamily219,676 SF
Sold 10/28/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:219,676 SF
Transaction Type:Sale

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.

Players

2 deals$86M volume
BUYER

2 deals$86M volume
BUYER

Jonathan Shechtman
17 deals$503.1M volume
SELLER

Details

SOLD
IMAGE: Jonathan Shechtman DATE: 10/28/2021 ADDRESS: 22511 SW 66Th Ave MARKET: Boca Raton ASSET TYPE: Multifamily ~ ACRES: 5.8 BUYER: Vista Pacific - Elizabeth Hagins SELLER: Axonic Properties - Jonathan Shechtman SALE PRICE: $43,000,000 UNITS: 184 ~ PPU: $233,696 SF: 219,676 ~ PPSF: $196

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,293,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25