Marlin Spring Acquires Multifamily Property In Princeton & Homestead For $95M
SOLD
$95,000,000
Florida
See Similar DealsMultiFamily
Sold 01/03/2022
SOLD
Marlin Spring Acquires Multifamily Property In Princeton & Homestead For $95M
24101 Dixie Highway, Homestead, Florida 33032, United States
See Similar DealsMultiFamily
Sold 01/03/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
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
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
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.
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$337,514.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$450,348.47
Annual Debt Service$5,404,181.60
Is there something missing? Send suggestions