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3155 SW 147th Ter

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

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

3155 SW 147th Ter

$67,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 20, 2024

AI

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

CBRE

Broker

$999.5M

vol

7 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender

Pembroke Pines 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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93