Tyler Henritze, William J. Stein & Brian Kim Acquire Multifamily Property In Pompano Beach, FL From Leon J. Wolfe For $31.2M
SOLD
Florida
See Similar DealsMultiFamily306,027 SF
Sold 12/01/2022
SOLD
Tyler Henritze, William J. Stein & Brian Kim Acquire Multifamily Property In Pompano Beach, FL From Leon J. Wolfe For $31.2M
3597 Wiles Road, Coconut Creek, Florida 33073, United States
See Similar DealsMultiFamily306,027 SF
Sold 12/01/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:306,027 SF
Transaction Type:Sale
A multifamily property located at 3597 Wiles Rd in Pompano Beach, FL, has been sold. The property spans 306,027 square feet and was sold for a price of $31,233,266, resulting in a price per square foot of $102.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,233,266
- Address: 3597 Wiles Rd, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: Tyler Henritze & William J. Stein & Brian Kim
- Seller: Leon J Wolfe
- Square Footage: 306,027
- Price per Square Foot: $102
The buyers of the property were Tyler Henritze, William J. Stein, and Brian Kim. The seller of the property was Leon J Wolfe.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,665,774.19
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,965.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,061.62
Annual Debt Service$1,776,739.38
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