Updated Dec 4, 2024
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
About this deal
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.
On the Map
$46,500,000
$39,108/SF
MultiFamily
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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