ROI Capital Group Acquires Multifamily Property In Fort Lauderdale For $58.5M
SOLD
$58,500,000
+ 2
Florida
See Similar DealsMultiFamily213,768 SF
Sold 04/28/2021
SOLD
ROI Capital Group Acquires Multifamily Property In Fort Lauderdale For $58.5M
5201 North Dixie Highway, Fort Lauderdale, FL, USA
See Similar DealsMultiFamily213,768 SF
Sold 04/28/2021
+ 2
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:213,768 SF
Transaction Type:Sale
The multifamily property located at 5201 N. Dixie Highway in Fort Lauderdale, FL has been sold for a total price of $58,500,000. The property consists of 296 units, resulting in a price per unit of $197,635. The sale was completed on April 28, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58,500,000
- Address: 5201 N. Dixie Highway, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: ROI Capital Group
- Seller: Northland
- Brokers: Jaret Turkell, Roberto Pesant, Yoav Yuhjtman, Omar Morales & Jose Mota - Berkadia
- Units: 296
- Price per Unit: $197,635
The sale of this multifamily property was facilitated by the brokers Jaret Turkell, Roberto Pesant, Yoav Yuhjtman, Omar Morales, and Jose Mota from Berkadia. They represented both the buyer, ROI Capital Group, and the seller, Northland, in this transaction.
Players
BUYER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$207,838.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$277,319.85
Annual Debt Service$3,327,838.14
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