German Guzman Acquires Wilton Manors Multifamily For $6.5M
SOLD
$6,500,000
Florida
See Similar DealsMultiFamily25,985 SF
Sold 09/30/2022
SOLD
German Guzman Acquires Wilton Manors Multifamily For $6.5M
2520 North Andrews Avenue, Wilton Manors, Florida 33311, United States
See Similar DealsMultiFamily25,985 SF
Sold 09/30/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:25,985 SF
Transaction Type:Sale
Located at 2520 N Andrews Avenue in Wilton Manors, FL, this multifamily property was recently sold in a closed transaction. The property consists of 25 units with a total of 25,985 square feet. The sale price for this asset was $6,500,000, resulting in a price per unit of $260,000 and a price per square foot of $250.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Units: 25
- Price per Unit: $260,000
- Square Footage: 25,985
- Price per Square Foot: $250
- Market: Wilton Manors, FL
German Guzman was the buyer in this transaction. The brokers involved in the deal were Joseph Thomas, Adam Duncan, and AJ Stanford from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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