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2520 North Andrews Avenue, ...

German Guzman Acquires Wilton Manors Multifamily For $6.5M
SOLDMultiFamily

German Guzman Acquires Wilton Manors Multifamily For $6.5M

2520 North Andrews Avenue, Wilton Manors, Florida 33311, United States

$6,500,000

$250/SF

Building Size

25,985 SF

Asset Type

MultiFamily

Closing

Sep 29, 2022

AI

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.

Players

AJ Stanford

Marcus & Millichap

Broker

$103M

vol

11 deals

Broker
RM
Rental Asset ManagementBuyer

Wilton Manors MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93