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Tyler Henritze, William J. Stein & Brian Kim Acquire Multifamily Property In Pompano Beach, FL From Leon J. Wolfe For $31.2M

Property Image
SOLD
$31,233,266
+ 1

Florida

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MultiFamily306,027 SF
Sold 12/01/2022
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Property Image
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 Deals
MultiFamily306,027 SF
Sold 12/01/2022
+ 1
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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.

Players

8 deals$200.9M volume
BUYER


4 deals$92.3M volume
BUYER

5 deals$109.6M volume
SELLER

Details

SOLD
IMAGE: 01/12/2022 ADDRESS: 3597 Wiles Rd MARKET: Pompano Beach, FL ASSET TYPE: Multifamily BUYER: Tyler Henritze & William J. Stein & Brian Kim SELLER: Leon J Wolfe PRICE: $31,233,266 SF: 306,027 ~ PPSF: $102

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Deal Type
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