Bainbridge Companies Acquires Multifamily Property In Coconut Creek For $69M

Located in Coconut Creek, the multifamily property at 5401 Wiles Road recently changed hands in a closed transaction. The sale, facilitated by David Gilbert & Richard Schechter, took place on December 23, 2022. Spanning across 15 acres, the property offers a prime location in the Coconut Creek market.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $69,000,000
• Number of Units: 270
• Price per Unit: $255,556
• Buyer: Bainbridge Companies - Richard Schechter
• Seller: Clarion Partners - David Gilbert
• Lender: Northwest Mutual Life Insurance Company

The buyer, Bainbridge Companies, was represented by Richard Schechter, while the seller, Clarion Partners, was represented by David Gilbert. The lender involved in the transaction was Northwest Mutual Life Insurance Company.