facebook
Traded Co logo
Submit
Daily limit: 0/10

Bobby T. Castro Of Ventura Pointe Owner LLC Acquires Multifamily Asset In Pembroke Pines For $52.5M

Property Image
SOLD
$52,500,000

Florida

See Similar Deals
MultiFamily256,480 SF
Sold 12/04/2025
the dealplayerscompscontact
Property Image
SOLD

Bobby T. Castro Of Ventura Pointe Owner LLC Acquires Multifamily Asset In Pembroke Pines For $52.5M

7850 Pasadena Boulevard

See Similar Deals
MultiFamily256,480 SF
Sold 12/04/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:256,480 SF
Transaction Type:Sale

The multifamily asset located at 7850 Pasadena Boulevard in Pembroke Pines comprises 206 units across 256,480 square feet, situated on a 9.85-acre lot. The property was sold for $52,500,000, equating to a price per unit of $254,854 and a price per square foot of $205.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $52,500,000
  • Buyer: Bobby T. Castro - Ventura Pointe Owner LLC
  • Seller: Christopher Finlay - Lloyd Jones
  • Lender: MetLife Real Estate Lending
  • Units: 206
  • Square Footage: 256,480
  • Price Per Unit: $254,854
  • Price Per Square Foot: $205

The sale features buyer Ventura Pointe Owner LLC assuming a $38.6 million loan from MetLife Real Estate Lending. This transaction reflects a decline from the 2019 sale price owing to lower rent growth and increased operating expenses, alongside the various amenities offered at the complex, including a gym, pool, clubhouse, and pet park.

Players

MI
MetLife Real Estate Investment
LENDER

Details

SOLD
IMAGE: Christopher Finlay DATE: 12/04/2025 ADDRESS: 7850 Pasadena Boulevard MARKET: Pembroke Pines ASSET TYPE: Multifamily ~ ACRES: 9.85 BUYER: Bobby T. Castro - Ventura Pointe Owner LLC SELLER: Christopher Finlay - Lloyd Jones (@LloydJonesllc) LENDER: MetLife Real Estate Lending SALE PRICE: $52,500,000 UNITS: 206 ~ PPU: $254,854 SF: 256,480 ~ PPSF: $205 NOTE: Ventura Pointe Apartments sold for $52.5M, with buyer Ventura Pointe Owner LLC assuming a $38.6M MetLife loan to acquire the 206-unit Pembroke Pines complex at a $254,854/unit price. The deal marks a drop from the 2019 sale price amid soft rent growth and higher operating costs, with the property offering 256,480 sf of amenities including a gym, pool, clubhouse, and pet park.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,800,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$186,521.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$248,876.78
Annual Debt Service$2,986,521.41