Denis Barreto Jr Acquires Multifamily Property In Coral Springs For $22.5M
SOLD
Florida
See Similar DealsMultiFamily104,519 SF
Sold 03/10/22
SOLD
Denis Barreto Jr Acquires Multifamily Property In Coral Springs For $22.5M
2940 Forest Hills Boulevard, Coral Springs, Florida 33065, United States
See Similar DealsMultiFamily104,519 SF
Sold 03/10/22
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:104,519 SF
Transaction Type:Sale
Located at 2920-2940 Forest Hills Blvd in Coral Springs, FL, this multifamily property was recently sold in a closed transaction. The property spans a total of 104,519 square feet and was sold for a price of $22,500,000, resulting in a price per square foot of $215.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Address: 2920-2940 Forest Hills Blvd, Coral Springs, FL
- Market: Coral Springs, FL
In this deal, Denis Barreto Jr acted as the buyer, while Eric R Wiener represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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