Grant Cardone's Cardone Capital Acquires 235-Unit Multifamily Property In Boca Raton For $69M

The multifamily property located at 33 East Camino Real in Boca Raton has been sold in a transaction that closed on May 28, 2021. The property spans over 2 acres and features a total of 235 units. The sale price for this transaction was recorded at $69,000,000, resulting in a per unit price of $293,617.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $69,000,000
• Address: 33 East Camino Real, Boca Raton
• Market: Boca Raton
• Acres: 2

The buyer in this transaction is Grant Cardone along with Cardone Capital, as indicated by their Instagram handle, @GrantCardone and @CardoneCapital respectively. On the other hand, the property was sold by Morgan Properties.

It is noteworthy that this sale represents a significant increase in value compared to the previous transaction. Just three months prior to this sale, the property was purchased for $46,800,000, indicating a remarkable 38% increase in value.

Note: Morgan Properties sale of 33 E. Camino Real to @CardoneCapital represents a 38% increase in value since purchasing the property only 3 months ago!