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Compass Commercial Represents Buyer In $15M MultiFamily Acquisition In Tequesta

Property Image
SOLD
$15,000,000
Sean Mooney
Joseph (Joe) Hach
Brooke Audette

Florida

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MultiFamily32,302 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Compass Commercial Represents Buyer In $15M MultiFamily Acquisition In Tequesta

3770 Southeast County Line Road

See Similar Deals
MultiFamily32,302 SF
Sold
Sean Mooney
Joseph (Joe) Hach
Brooke Audette
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$464
Total Square Footage:32302 SF
Transaction Type:Sale

On November 10, 2023, a multifamily property located at 3770 Southeast County Line Road in Tequesta was sold for a total price of $15,000,000. The property consists of 16 units with a price per unit (PPU) of $937,500. It spans across a total area of 32,302 square feet, resulting in a price per square foot (PPSF) of $464.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $15,000,000
  • Units: 16
  • Price per Unit (PPU): $937,500
  • Square Footage (SF): 32,302
  • Price per Square Foot (PPSF): $464
  • Market: Tequesta
  • Buyer's Representative: Brooke Audette - Compass Commercial
  • Seller's Representative: Sean Mooney - Coldwell Banker Premium Realty
  • Mortgage Broker: Joseph Hach

The sale of this property was facilitated by Brooke Audette of Compass Commercial, who represented the buyer, and Sean Mooney of Coldwell Banker Premium Realty, who represented the seller. Additionally, Joseph Hach served as the mortgage broker for the transaction.

Players

Joseph (Joe) Hach
Refined
Joseph Hach
24 deals$149.4M volume
BROKER
Sean Mooney
Compass
Sean Mooney
3 deals$28.5M volume(561) 789-7208
BROKER
Brooke Audette
Compass
Brooke Audette
1 deal$15M volume(201) 665-9049
BROKER

Details

SOLD
IMAGE: Joseph Hach, Sean Mooney & Brooke Audette DATE: 11/10/2023 ADDRESS: 3770 Southeast County Line Road MARKET: Tequesta ASSET TYPE: MultiFamily BUYER'S REP: Brooke Audette (@BrookeAudettehomes) - Compass Commercial (@Compass) SELLER'S REP: Sean Mooney (@SeanrMooney), (@JamesandSean) - Coldwell Banker Premium Realty (@Coldwellbanker) MORTGAGE BROKER: Joseph Hach (@JosephHach - Refined (@Refined_cre) SALE PRICE: $15,000,000 UNITS: 16 ~ PPU: $937,500 SF: 32,302 ~ PPSF: $464

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
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