Updated Dec 4, 2024
Clarion Partners Acquires 302-Unit Multifamily In Lauderhill For $72M
6701 Landings Drive, Lauderhill, Florida 33319, United States
$72,000,000
Units
302
Asset Type
MultiFamily
Closing
Feb 10, 2022
About this deal
AI
Located at 6701-6950 Landings Drive in Lauderhill, this 18.4-acre multifamily property has recently been sold in a closed transaction. The property consists of 302 units, with an average price per unit of $238,411. The deal was completed on February 11, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $72,000,000
- Address: 6701-6950 Landings Drive, Lauderhill
- Market: Lauderhill
- Buyer: Clarion Partners - David Gilbert
- Seller: Milbrook Properties - Rubin Pikus
Clarion Partners, represented by David Gilbert, acquired the property from Milbrook Properties, with Rubin Pikus as their representative. This transaction highlights the strategic investment decisions made by these key individuals and companies within the real estate market.
On the Map
$72,000,000
MultiFamily
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Players
Sunrise 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93