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Bruce Gago Of FCP Acquires 250-Unit Alexan Miramar From Danny Queenan & Ken Valach For $67.5M

Property Image
SOLD
$67,500,000
Robert Given
Denny St. Romain
+ 1

Florida

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MultiFamily
Sold 12/20/2024
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Property Image
SOLD

Bruce Gago Of FCP Acquires 250-Unit Alexan Miramar From Danny Queenan & Ken Valach For $67.5M

3155 SW 147th Ter

See Similar Deals
MultiFamily
Sold 12/20/2024
Robert Given
Denny St. Romain
+ 1
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property involved in this transaction is the 250-unit Alexan Miramar apartment complex, located at 3155 Southwest 147th Terrace in the Miramar market. The property was sold for $67.5 million, which equates to approximately $269,840 per unit.

Summary of transaction details:

This transaction involved key individuals, with Bruce Gago representing the buyer, FCP, while the seller, Trammell Crow Residential, was represented by Danny Queenan and Ken Valach. The brokerage team from CBRE included Robert Given and Zachary Sackley, who facilitated the deal. Additionally, the transaction was financed by a mortgage from J.P. Morgan Chase, which included the assumption of a previous loan and the acquisition of additional debt.

Players

Denny St. Romain
7 deals$999.5M volume
BROKER

Robert Given
CBRE
44 deals$4.2B volume(561) 213-5297
BROKER

Charles Crapse
4 deals$245.5M volume
BROKER

Zachary (Zach) Sackley
CBRE
10 deals$555.4M volume(305) 772-4316
BROKER

J.P. Morgan Chase
LENDER

Details

SOLD
IMAGE: Danny Queenan, Charles Crapse, Ken Valach, Denny St. Romain, Zachary Sackley, Bruce Gago & Robert Given DATE: 12/20/2024 ADDRESS: 3155 Southwest 147th Terrace MARKET: Miramar ASSET TYPE: Multifamily BUYER: Bruce Gago - FCP SELLER: Danny Queenan & Ken Valach - Trammell Crow Residential BROKERS: Robert Given (@Nevig.lrae.984) & Zachary Sackley - CBRE (@CBRE) LENDER: J.P. Morgan Chase (@JPMorgan) MORTGAGE BROKERS: Charles Crapse & Denny St. Romain - CBRE SALE PRICE: $67,500,000 UNITS: 250 ~ PPU: $270,000 NOTE: FCP acquired the 250-unit Alexan Miramar apartment complex in Miramar, FL, for $67.5 million, or approximately $269,840 per unit, from Trammell Crow Residential. The purchase was financed with a $52.7 million mortgage from J.P. Morgan Chase, which included assuming a $43.3 million loan and taking on an additional $9.4 million in debt.

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