Colliers International Acquires Student Housing On West Sunrise Boulevard In Fort Lauderdale For $4.7M
474 W Sunrise Blvd Fort Lauderdale, FL 33311, USA
$4,700,000
$312/SF
Building Size
15,052 SF
Asset Type
Student Housing
Closing
Jul 25, 2023
AI
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
Miami Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93