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3541 Northwest 30th Place

Axonic Properties Acquires Multifamily Asset In Lauderdale Lakes For $63.6M With Brokers From Berkadia
SOLDMultiFamily

Axonic Properties Acquires Multifamily Asset In Lauderdale Lakes For $63.6M With Brokers From Berkadia

3541 Northwest 30th Place

$63,630,000

$205/SF

Building Size

309,879 SF

Asset Type

MultiFamily

Closing

Oct 27, 2022

AI

The multifamily property located at 3541 NW 30th Pl in Lauderdale Lakes has been sold in a closed transaction. The property consists of 315 units with a total square footage of 309,879. The sale price for this transaction was $63,630,000, resulting in a price per unit of $202,000 and a price per square foot of $205.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $63,630,000
  • Units: 315
  • Price per Unit: $202,000
  • Square Footage: 309,879
  • Price per Square Foot: $205

Axonic Properties purchased the property from Integra Investments. The deal was facilitated by the following brokers from Berkadia: Jaret Turkell, Omar Morales, Roberto Pesant, Jose Mota, Brian Kennedy, and Jonathan Shechtman.

Players

Jaret Turkell

Berkadia

Broker

$3.2B

vol

49 deals

Broker
Axonic Properties
Axonic PropertiesBuyer
Integra Investments
Integra InvestmentsSeller

Lauderdale Lakes 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93