FBE Acquires Lauderhill Multifamily Property For $94.6M

The multifamily property located at 4200 NW 19th Street in Lauderhill was recently sold in a transaction. The sale occurred on June 28, 2021, with a sale price of $94,600,000. The property consists of 814 units, resulting in a price per unit of $116,216. The total square footage of the property is 576,000, with a price per square foot of $164. The property spans across 24 acres, resulting in a price per acre of $3,941,667.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $94,600,000
• Units: 814
• Price per Unit: $116,216
• Square Footage: 576,000
• Price per Square Foot: $164
• Acres: 24
• Price per Acre: $3,941,667

The buyer of the property was FBE, while the seller was Code Capital. The seller was represented by Daniel Parker, Paul Gillen, and Anthony Ledesma from Hodges Ward Elliott.