Treevita Acquires Lauderhill Multifamily From KVR Properties For $18.8M
SOLD
Florida
See Similar DealsMultiFamily79,000 SF
Sold 12/31/2020
SOLD
Treevita Acquires Lauderhill Multifamily From KVR Properties For $18.8M
5211 Northwest 27th Street, Lauderhill, FL, USA
See Similar DealsMultiFamily79,000 SF
Sold 12/31/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:79,000 SF
Transaction Type:Sale
A multifamily property in Lauderhill has been sold for $18,800,000. The property, located at 5211 - 5458 Northwest 27th Street & 5411 Northwest 25th Court, spans 79,000 square feet. It was sold to Treevita by KVR Properties. The transaction took place on December 31, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,800,000
- Address: 5211 - 5458 Northwest 27th Street & 5411 Northwest 25th Court
- Market: Lauderhill
Hugo Cascavita from Treevita and Arvind Reddy from KVR Properties were the key individuals involved in the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,002,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,792.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,121.59
Annual Debt Service$1,069,459.10
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