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67 SW 12th Ave, Deerfield B...

Cortland Acquires Property In Deerfield Beach From Ram Realty Advisors For $70 Million
SOLDMultiFamily

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:

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

Kaya Robert Suarez

Walker & Dunlop

Broker

$1.1B

vol

9 deals

Broker
Cortland
CortlandBuyer
Ram Realty Advisors
Ram Realty AdvisorsSeller

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