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4002 Oak Landing Dr, Davie,...

Rental Asset Management LLC Acquires Multifamily In Davie For $5.95M
SOLDMultiFamily

Rental Asset Management LLC Acquires Multifamily In Davie For $5.95M

4002 Oak Landing Dr, Davie, FL 33314, USA

$5,950,000

Building Size

Asset Type

MultiFamily

Closing

Mar 2, 2020

AI

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.

Players

Adam Duncan

Marcus & Millichap

Broker

$170.8M

vol

26 deals

Broker
RM
Rental Asset ManagementBuyer
Rafael Hernandez

Rafael Hernandez

Seller

$38M

vol

5 deals

Seller

Fort Lauderdale 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

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93