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4151 Southwest 67th Avenue,...

Circle Capital Acquires Multifamily Property In Davie For $34.65M With Buyer's Rep Todd Linden & Seller's Rep Richard Giles & Alex Rosemurgy
SOLDMultiFamily

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

Calum Weaver

CBRE

Broker

$621.2M

vol

30 deals

Broker

Todd Linden

Circle Capital

Buyer

$90M

vol

3 deals

Buyer

Davie 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93