Circle Capital Acquires Multifamily Property In Davie For $34.65M With Buyer's Rep Todd Linden & Seller's Rep Richard Giles & Alex Rosemurgy
4151 Southwest 67th Avenue, Davie, FL, USA
$34,650,000
$272/SF
Building Size
127,158 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
AI
The multifamily property located at 4151-4199 SW 67th Avenue in Davie has been sold. The property consists of 178 units, with a sale price of $34,650,000. The price per unit is $194,663, and the total square footage is 127,158 square feet, resulting in a price per square foot of $272. The transaction took place on August 24, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,650,000
- Units: 178
- Price per Unit: $194,663
- Square Footage: 127,158 sqft
- Price per Square Foot: $272
The buyer of the property is Circle Capital, represented by Todd Linden. The seller is Bala Scandia, represented by Richard Giles and Alex Rosemurgy. The transaction was facilitated by brokers Calum Weaver, Zach Sackley, Mike Mulkern, and Perry Synanidis from Cushman & Wakefield.
Players
Davie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93