Cortland Acquires Property In Deerfield Beach From Ram Realty Advisors For $70 Million
67 SW 12th Ave, Deerfield Beach, FL 33442, USA
$70,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 10, 2021
AI
The property involved in the transaction is located at 67 SW 12th Ave, Deerfield Beach, FL 33442, USA. The market value of this asset is in Deerfield Beach. The sale price for the property was $70,000,000.00. The total square footage noted for the property is 0.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $70,000,000.00
- Address: 67 SW 12th Ave, Deerfield Beach, FL 33442, USA
- Market: Deerfield Beach
- Buyer: Cortland
- Seller: Ram Realty Advisors
- Buyer's Representative: Kaya Robert Suarez-Walker & Dunlop, Greg Engler-Engler Realty Advisors
The key individuals involved in the transaction include the buyer, Cortland, and the seller, Ram Realty Advisors. The transaction was represented by Kaya Robert Suarez-Walker & Dunlop and Greg Engler from Engler Realty Advisors, serving as the buyer's representatives in this deal.
Players
Deerfield Beach 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93