Vista Pacific Acquires Multifamily In Boca Raton For $43M

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.