Marlin Spring Acquires Multifamily Property In Princeton & Homestead For $95M
24101 Dixie Highway, Homestead, Florida 33032, United States
$95,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 3, 2022
AI
The multifamily property located at 25001 SW 130th Avenue & 24101 S Dixie Highway in Princeton & Homestead has been sold. The sale was completed on 01/03/2022, with a sale price of $95,000,000. The property consists of 420 units and has a per unit price of $226,190.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Units: 420
- Price per Unit: $226,190
- Market: Princeton & Homestead
The buyer of the property is Marlin Spring, while the seller is AHS Residential - Ernesto Lopes.
Note: No additional information is available regarding the property.
Players
Homestead MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93