Updated Nov 27, 2024
Cottonwood Residential Acquires Multifamily Asset In Pompano Beach For $95.5M
4411 N Federal Hwy, Pompano Beach, Florida 33064, United States
$95,500,000
$334/SF
Building Size
285,335 SF
Asset Type
MultiFamily
Closing
Jun 23, 2022
About this deal
AI
The multifamily property located at 4411 N Federal Highway in Pompano Beach has been sold for a total of $95,500,000. The property consists of 243 units, with an average price per unit of $393,004.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,500,000
- Address: 4411 N Federal Highway
- Market: Pompano Beach
- Buyer: Cottonwood Residential - Daniel Shaeffer
- Seller: Harbor Group International - Jordan E. Slone
- Lender: berkadia''>Berkadia Commercial Mortgage
Daniel Shaeffer of Cottonwood Residential represented the buyer in this transaction, while Jordan E. Slone represented Harbor Group International. The lender involved in the deal was Berkadia Commercial Mortgage.
Players
Pompano Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $334 per square foot on a published $95.5M for 285,335 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93