SOLD
Jason Pantzer & Jordan Pantzer Acquire Multifamily Property In West Palm Beach
7130 Okeechobee Boulevard
MultiFamily
Sold 64 days ago
Summary
Sale
FLORIDA
MultiFamily
An apartment complex with 245 units located at 7130 Okeechobee Boulevard in West Palm Beach has been sold for a total of $83,500,000. The property was acquired by Jason Pantzer & Jordan Pantzer of Pantzer Properties from the seller, Daniel Shaeffer of Cottonwood Residential. The transaction was facilitated by CBRE Capital Markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $83,500,000
- Address: 7130 Okeechobee Boulevard
- Market: West Palm Beach
- Buyer: Jason Pantzer & Jordan Pantzer - Pantzer Properties
- Seller: Daniel Shaeffer - Cottonwood Residential
- Lender: CBRE Capital Markets
- Units: 245
- Price Per Unit: $340,816
Pantzer Properties, based in New York, utilized a $50 million Freddie Mac loan to finance the purchase of the apartment complex. This deal marks the first significant multifamily transaction in South Florida for the year, highlighting the firm's strategic investment in the region.
Details
SOLD
IMAGE: Jordan Pantzer, Daniel Shaeffer & Jason Pantzer
DATE: 03/06/2024
ADDRESS: 7130 Okeechobee Boulevard
MARKET: West Palm Beach
ASSET TYPE: Multifamily
BUYER: Jason Pantzer & Jordan Pantzer - Pantzer Properties
SELLER: Daniel Shaeffer (@Shaeffer70) - Cottonwood Residential (@CottonwoodResidential)
LENDER: CBRE Capital Markets
SALE PRICE: $83,500,000
UNITS: 245 ~ PPU: $340,816
NOTE: Pantzer Properties bought a 245-unit apartment complex in West Palm Beach for $83.5 million, marking South Florida's first major multifamily deal this year. The New York-based firm secured a $50 million Freddie Mac loan for the purchase, at $340,816 per unit.View on map
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Address7130 Okeechobee Boulevard
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