Updated Mar 11, 2025
Lincoln Property Company Acquires Multifamily Property In Boca Raton For $194M
5400 Broken Sound Boulevard Northwest, Boca Raton, Florida 33487, United States
$194,000,000
Units
297
Asset Type
MultiFamily
Closing
Sep 8, 2022
About this deal
AI
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.
On the Map
$194,000,000
MultiFamily
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Players
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93