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Circle Capital Partners Acquires Multifamily Asset In Davie For $34.7M

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SOLD
$34,700,000

Florida

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MultiFamily167,025 SF
Sold 08/27/2021
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Property Image
SOLD

Circle Capital Partners Acquires Multifamily Asset In Davie For $34.7M

4199 Southwest 67th Avenue, Davie, FL, USA

See Similar Deals
MultiFamily167,025 SF
Sold 08/27/2021
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$207
Total Square Footage:167,025 SF
Transaction Type:Sale

Circle Capital Partners, represented by Todd Linden, has acquired a multifamily property located at 4199 Southwest 67th Avenue in Davie. The property was sold by Park Partners Residential, with Rick Giles and Alexander Rosemurgy of Rosemurgy Properties representing the seller. The transaction took place on August 27, 2021, with a sale price of $34,700,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $34,700,000
  • Address: 4199 Southwest 67th Avenue, Davie
  • Market: Davie
  • Buyer: Circle Capital Partners - Todd Linden
  • Seller: Park Partners Residential - Rick Giles, Alexander Rosemurgy - Rosemurgy Properties
  • Units: 178
  • Price Per Unit (PPU): $194,944
  • Acres: 7.7
  • Price Per Acre (PPA): $4,506,494

This transaction marks an important milestone for Circle Capital Partners, expanding their multifamily portfolio. Todd Linden, the representative of Circle Capital Partners, played a crucial role in facilitating the deal. On the seller's side, Rick Giles and Alexander Rosemurgy, from Rosemurgy Properties, worked diligently to negotiate the agreement.

Players

TL
Todd Linden
3 deals$90M volume
BUYER

Details

SOLD
IMAGE: Alexander Rosemurgy & Rick Giles DATE: 08/27/2021 ADDRESS: 4199 Southwest 67th Avenue MARKET: Davie ASSET TYPE: Multifamily BUYER: Circle Capital Partners - Todd Linden SELLER: Park Partners Residential - Rick Giles; Alexander Rosemurgy - Rosemurgy Properties SALE PRICE: $34,700,000 UNITS: 178 ~ PPU: $194,944 ACRES: 7.7 ~ PPA: $4,506,494

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Debt Service Coverage Ratio (DSCR)

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