Updated Oct 28, 2024
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
About this deal
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!
On the Map
$78,700,000
$1,540/SF
MultiFamily
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Dania 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93