Rental Asset Management LLC Acquires Multifamily In Davie For $5.95M
SOLD
$5,950,000
+ 1
Florida
See Similar DealsMultiFamily
Sold 03/03/2020
SOLD
Rental Asset Management LLC Acquires Multifamily In Davie For $5.95M
4002 Oak Landing Dr, Davie, FL 33314, USA
See Similar DealsMultiFamily
Sold 03/03/2020
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 4002-4082 Oak Landing Drive in Davie has been sold for $5,950,000. The property consists of 26 units, with a price per unit of $228,846.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Units: 26
- Price Per Unit: $228,846
Rental Asset Management LLC has acquired the property from Casa Facil International Two LLC, represented by Rafael Fernandez. The deal was facilitated by brokers Joseph P. Thomas, Adam G. Duncan, and Alec Demetriou of Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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