Tomas Cabrerizo Of Legacy Residential Group Acquires Coconut Creek Multifamily From William Huffman For $52.55M

The asset involved in this transaction is a multifamily property located at 4854 Fishermans Drive in Coconut Creek, Florida. The property comprises 268 units and spans an area of 242,178 square feet. It was sold for $52,550,000, equating to approximately $196,082 per unit. The property also features amenities such as a clubhouse, pool, tennis court, and lakefront facilities, set on a 22.4-acre site.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,550,000
• Address: 4854 Fishermans Drive
• Market: Coconut Creek, FL
• Units: 268
• PPU: $196,082
• SF: 242,178
• PPSF: $217
• Buyer: Tomas Cabrerizo - Legacy Residential Group
• Seller: William Huffman - Nuveen
• Lender: TD Bank

This transaction involved key individuals, with Tomas Cabrerizo representing Legacy Residential Group as the buyer and William Huffman representing Nuveen as the seller. The sale reflects a strategic asset movement, highlighting involvement from TD Bank as the lender in the deal.