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Colliers International Acquires Student Housing On West Sunrise Boulevard In Fort Lauderdale For $4.7M

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SOLD
$4,700,000

Florida

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Student Housing15,052 SF
Sold 07/25/2023
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Property Image
SOLD

Colliers International Acquires Student Housing On West Sunrise Boulevard In Fort Lauderdale For $4.7M

474 W Sunrise Blvd Fort Lauderdale, FL 33311, USA

See Similar Deals
Student Housing15,052 SF
Sold 07/25/2023
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Summary

FLORIDA
Asset Type:Student Housing
Price Per Square Foot:$312
Total Square Footage:15,052 SF
Transaction Type:Sale

Located at 474 West Sunrise Boulevard in Fort Lauderdale, this student housing property has recently been sold. The property spans a total area of 15,052 square feet and was sold for a price of $4,700,000, at a rate of $312 per square foot.

Summary of transaction details

  • Property Type: Student Housing
  • Sale Price: $4,700,000
  • Size: 15,052 square feet
  • Price Per Square Foot: $312
  • Address: 474 West Sunrise Boulevard, Fort Lauderdale

The buyer in this significant transaction was represented by Mitash Kripalani from Colliers International. On the other hand, the seller was represented by David Richman of DWNTWN Realty Advisors. For any inquiries or to discuss investment needs, you can reach out to Mitash Kripalani at 786 271 5598 or via email at [email protected].

Players

Mitash Kripalani
23 deals$137.6M volume
BROKER

Details

SOLD
IMAGE: Mitash Kripalani DATE: 07/25/2023 ADDRESS: 474 West Sunrise Boulevard MARKET: Fort Lauderdale ASSET TYPE: Student Housing BROKER: Mitash Kripalani (@Mitash) - Colliers International (@ColliersInternational) SALE PRICE: $4,700,000 SF: 15,052 ~ PPSF: $312 NOTE FROM BROKER: Just Sold for $4,750,000 - NNN Charter School in Fort Lauderdale. Mitash Kripalani @mitash & Virgilio Fernandez @vboundless of @colliersSFL Colliers International represented the buyer in this significant transaction. David Richman of DWNTWN Realty Advisors represented the seller. Please give us a call at 786 271 5598 or email [email protected] to discuss your investment needs and if you might be interested in purchasing or selling something.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
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