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335 State Road 7, Plantatio...

GID Acquires Multifamily Property In Plantation For $72.7M
SOLDMultiFamily

GID Acquires Multifamily Property In Plantation For $72.7M

335 State Road 7, Plantation, Florida 33319, United States

$72,700,000

Building Size

Asset Type

MultiFamily

Closing

Jan 6, 2022

AI

GID has acquired a multifamily property located at 335 North State Road 7 in Plantation, with a land size of 9.4 acres. The property was sold by CP Capital and Trammell Crow Residential for a total of $72,700,000. The transaction took place on January 6, 2022.

Summary of Transaction Details

  • Property Type: Multifamily
  • Sale Price: $72,700,000
  • Address: 335 North State Road 7
  • Market: Plantation
  • Land Size: 9.4 acres

GID, represented by Gregory Bates, successfully acquired the property from CP Capital and Trammell Crow Residential, represented by Ken Valach, in this transaction. The property consists of 248 units, with a price per unit of $293,145.

Players

Gregory Bates

GID

Buyer

$534.4M

vol

8 deals

Buyer
TR
Trammell Crow ResidentialSeller

Plantation 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93