Nuveen Acquires Multifamily Property In Coconut Creek For $46.5M
3621 West Hillsboro Boulevard, Coconut Creek, FL, USA
$46,500,000
$39,108/SF
Building Size
1,189 SF
Asset Type
MultiFamily
Closing
Apr 21, 2021
AI
A multifamily property located at 3621 Hillsboro Boulevard in Coconut Creek has been sold for a price of $46,500,000. The property spans across 4.7 acres and consists of 192 units, resulting in a price per unit of $242,188 and a price per acre of $9,893,617.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,500,000
- Address: 3621 Hillsboro Boulevard, Coconut Creek
- Market: Coconut Creek
The buyer of the property is Nuveen, represented by Jose Minaya. The seller is Bar Invest Group, represented by Jacques Barbera.
Players
Coconut Creek 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93