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Oakwood Townhomes Acquires 160-Unit Multifamily In Lake Worth, Florida For $35.4M

Property Image
SOLD
$35,400,000
Roberto Pesant
Omar Morales
+ 1

Florida

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MultiFamily200,366 SF
Sold 11/16/2021
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Property Image
SOLD

Oakwood Townhomes Acquires 160-Unit Multifamily In Lake Worth, Florida For $35.4M

2425 2nd Avenue North, Lake Worth, Florida, USA

See Similar Deals
MultiFamily200,366 SF
Sold 11/16/2021
Roberto Pesant
Omar Morales
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:200,366 SF
Transaction Type:Sale

Located at 2425 2nd Avenue North in Lake Worth, Florida, a multifamily property has been sold in a recent transaction. The property, consisting of 160 units, was purchased by Oakwood Townhomes from One Real Estate Investments. The sale was facilitated by Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota, brokers from Berkadia. The transaction took place on November 16, 2021, for a total sale price of $35,400,000. This equates to an average price per unit of $221,250.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $35,400,000
  • Units: 160
  • Price Per Unit: $221,250
  • Address: 2425 2nd Avenue North, Lake Worth, Florida
  • Market: Lake Worth, Florida

The involvement of Jaret Turkell, Roberto Pesant, Omar Morales, and Jose Mota from Berkadia has been instrumental in completing this transaction successfully. As representatives of Oakwood Townhomes and One Real Estate Investments, they played key roles in negotiating and finalizing the deal.

Players

Jaret Turkell
49 deals$3.2B volume
BROKER

Roberto Pesant
Cushman & Wakefield
32 deals$2.3B volume
BROKER

Omar Morales
Berkadia
40 deals$2.7B volume
BROKER

Jose Mota
Cushman & Wakefield
22 deals$1.2B volume(786) 886-9804
BROKER

One Real Estate Investment
SELLER

Details

SOLD
IMAGE: Jaret Turkell, Roberto Pesant, Omar Morales & Jose Mota DATE: 11/16/2021 ADDRESS: 2425 2nd Avenue North MARKET: Lake Worth, Florida ASSET TYPE: Multifamily BUYER: Oakwood Townhomes SELLER: One Real Estate Investments BROKERS: Jaret Turkell (@Deal_Crush), Roberto Pesant, Omar Morales (@OmarMora1es), Jose Mota - Berkadia SALE PRICE: $35,400,000 UNITS: 160 ~ PPU: $221,250

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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