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
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