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
Plantation MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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