Westover Companies Acquires 240-Unit Multifamily In Dania Beach For $78.7M
311 East Sheridan Street, Dania Beach, Florida 33004, United States
$78,700,000
$1,540/SF
Building Size
51,101 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
AI
Located at 311 East Sheridan Street in Dania Beach, this multifamily property has been sold in a recent transaction. The sale was completed on December 29, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $78,700,000
- Units: 240
- Price Per Unit: $327,917
The buyer of this property is Westover Companies, represented by Guntram Weissenberger. They acquired the property from Beach Walk at Sheridan LP. This transaction marks a significant investment for Westover Companies in the Dania Beach market.
Congratulations to all parties involved in this successful multifamily property sale!
Dania MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93