Updated Oct 29, 2024
Capital Square Acquires 396-Unit Multifamily Property In Parkland For $155M With Buyer's Rep Louis Rogers & Seller's Rep Jon Bell & Lili Dunn
5851 Holmberg Road, Parkland, Florida 33067, United States
$155,000,000
Units
396
Asset Type
MultiFamily
Closing
Dec 12, 2022
About this deal
AI
The multifamily property located at 5851 Holmberg Road in Parkland was sold in a transaction on December 12, 2022. The property spans across 45 acres and consists of 396 units. The sale price for this transaction was $155,000,000, resulting in a per unit price of $391,414.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $155,000,000
- Address: 5851 Holmberg Road
- Market: Parkland
- Acres: 45
The buyer of this property was Capital Square represented by Louis Rogers and Whitson Huffman. On the other hand, Jon Bell and Lili Dunn represented the seller, Bell Partners.
On the Map
$155,000,000
MultiFamily
View full map
Players
Parkland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Whitson Huffman to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93