Cortland Acquires Property In Deerfield Beach From Ram Realty Advisors For $70 Million
SOLD
$70,000,000
Florida
See Similar DealsMultiFamily
Sold 06/10/2021
SOLD
Cortland Acquires Property In Deerfield Beach From Ram Realty Advisors For $70 Million
67 SW 12th Ave, Deerfield Beach, FL 33442, USA
See Similar DealsMultiFamily
Sold 06/10/2021
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$248,695.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$331,835.71
Annual Debt Service$3,982,028.55
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