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FBE Acquires Lauderhill Multifamily Property For $94.6M

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SOLD
$94,600,000

Florida

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MultiFamily576,000 SF
Sold 06/28/2020
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Property Image
SOLD

FBE Acquires Lauderhill Multifamily Property For $94.6M

4200 Northwest 19th Street

See Similar Deals
MultiFamily576,000 SF
Sold 06/28/2020
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$164
Total Square Footage:576,000 SF
Transaction Type:Sale

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.

Players

Anthony Ledesma
17 deals$1.7B volume(631) 901-9100
BROKER

Daniel Parker
21 deals$2.4B volume(212) 763-6615
BROKER

Paul Gillen
Hodges Ward Elliott
14 deals$1.5B volume
BROKER

BUYER

Details

SOLD
IMAGE: Paul Gillen, Daniel Parker & Anthony Ledesma DATE: 06/28/2021 ADDRESS: 4200 NW 19th Street MARKET: Lauderhill ASSET TYPE: Multifamily BUYER: FBE SELLER: Code Capital SELLER'S REP: Daniel Parker, Paul Gillen, Anthony Ledesma - Hodges Ward Elliott SALE PRICE: $94,600,000 UNITS: 814 ~ PPU: $116,216 SF: 576,000 ~ PPSF: $164 ACRES: 24 ~ PPA: $3,941,667

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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