Bell Partners Acquires Multifamily In Boca Raton For $94.3M
5500 Broken Sound Boulevard, Boca Raton, FL, USA
$94,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 1, 2020
AI
5500 Broken Sound Boulevard and 950 Northwest Broken Sound Parkway in Boca Raton have been sold for a total price of $94,250,000. The asset type of the property is multifamily, and it consists of 270 units. The price per unit (PPU) is $349,074. The transaction took place on 11/02/2020 in the Boca Raton market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $94,250,000
- Units: 270
- Price Per Unit (PPU): $349,074
The buyer in this transaction is Jon Bell from Bell Partners, while the seller consists of Mainstreet Capital Partners, represented by Paul Kilgallon, and Bluerock Residential Growth REIT, represented by Ramin Kamfar.
Players
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93