SOLD
Lincoln Property Company Acquires Multifamily Property In Boca Raton For $194M
5400 Broken Sound Boulevard
MultiFamily
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
A multifamily property located at 5400 Broken Sound Boulevard in Boca Raton has been sold for a total of $194,000,000. The property spans across approximately 11.5 acres and consists of 297 units, with each unit having an average price of $653,199.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $194,000,000
- Address: 5400 Broken Sound Boulevard, Boca Raton
- Market: Boca Raton
- Units: 297
- Price Per Unit: $653,199
Lincoln Property Company, represented by Tim Byrne, has acquired the property from Related Group, represented by Jon Paul Pérez, Jorge Pérez, and Rockpoint, represented by Bill Walton and Keith Gelb. The transaction was facilitated by brokers Robert Given and Zachary Sackley from Cushman & Wakefield.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Robert Given, Keith Gelb, Jon Paul Pérez, Tim Byrne, Jorge Pérez, Bill Walton & Zachary Sackley
DATE: 09/09/2022
ADDRESS: 5400 Broken Sound Boulevard
MARKET: Boca Raton
ASSET TYPE: Multifamily ~ ACRES: 11.5
BUYER: Lincoln Property Company (@LincolnPropCo) - Tim Byrne
SELLER: Related Group (@Related_Group) - Jon Paul Pérez & Jorge Pérez; Rockpoint - Bill Walton & Keith Gelb
BROKERS: Robert Given & Zachary Sackley - Cushman & Wakefield (@CushWake)
SALE PRICE: $194,000,000
UNITS: 297 ~ PPU: $653,199View on map
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Address5400 Broken Sound Boulevard
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