Landmark Co.s Acquires Multifamily Property In Deerfield Beach For $30M
SOLD
$30,000,000
Florida
See Similar DealsMultiFamily144,205 SF
Sold 11/15/2019
SOLD
Landmark Co.s Acquires Multifamily Property In Deerfield Beach For $30M
3800 Crystal Lake Dr, Deerfield Beach, FL, USA
See Similar DealsMultiFamily144,205 SF
Sold 11/15/2019
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:144,205 SF
Transaction Type:Sale
The multifamily property located at 3800 Crystal Lake Dr in Deerfield Beach has been sold for $30,000,000. The transaction took place on 11/15/2019. The property consists of 125 units with a price per unit of $240,000. The total square footage is 144,205, resulting in a price per square foot of $208.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 3800 Crystal Lake Dr
- Market: Deerfield Beach
- Units: 125
- Price per Unit: $240,000
- Total Square Footage: 144,205
- Price per Square Foot: $208
AHS Residential, represented by Ernesto Lopes, was the seller in this transaction. The buyer is Landmark Co.s.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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