SOLD
Harbor Group International Acquires Locklyn West Palm Apartment Complex For $105.5M
3950 Village Boulevard
MultiFamily
Sold 315 days ago
Summary
Sale
FLORIDA
MultiFamily
Harbor Group International LLC, represented by Yisroel Berg, has acquired Locklyn West Palm, a multifamily property located at 3950 Village Boulevard in West Palm Beach. The property, sold by The Carlyle Group, was purchased for a total of $105,500,000. Locklyn West Palm offers 280 units and is currently 95% occupied, with competitive rent levels that meet the demand for modern apartment housing in South Florida.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $105,500,000
- Address: 3950 Village Boulevard
- Market: West Palm Beach
The transaction was facilitated by brokers Avery Klann and Hampton Beebe from Newmark. The lending for this acquisition was provided by Berkeley Point Capital. The mortgage brokerage services were offered by Henry Stimler, Bill Weber, Matt Mense, and Dan Sarsfield, also from Newmark.
Players
All
8
Agents
6
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Avery Klann, Yisroel Berg & Hampton Beebe
DATE: 06/22/2023
ADDRESS: 3950 Village Boulevard
MARKET: West Palm Beach
ASSET TYPE: Mutifamily
BUYER: Harbor Group International LLC - Yisroel Berg
SELLER: The Carlyle Group
BROKERS: Avery Klann & Hampton Beebe - Newmark
LENDER: Berkeley Point Capital
MORTGAGE BROKER: Henry Stimler, Bill Weber, Matt Mense & Dan Sarsfield - Newmark
SALE PRICE: $105,500,000
UNITS: 280 ~ PPU: $376,786
NOTE: Harbor Group International LLC acquired Locklyn West Palm, a recently built apartment complex in West Palm Beach, for $105.5 million. The 280-unit complex is 95% occupied and offers competitive rent levels, meeting the demand for modern apartment housing in South Florida.View on map
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Address3950 Village Boulevard
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