SOLD
Cortland Acquires Multifamily Property In Boca Raton For $230M
20940 Uptown Avenue
MultiFamily
1,737 SF
1,737 SF
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
1,737 sqft
A multifamily property located at 20940 Uptown Ave in Boca Raton was recently sold for a staggering price of $230,000,000. The property consists of 456 units, resulting in a per unit price of $504,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $230,000,000
- Address: 20940 Uptown Ave, Boca Raton
- Market: Boca Raton
The buyer of this property was Cortland, represented by Steven DeFrancis. On the other hand, the seller was comprised of multiple entities including Giles Capital Group represented by Rick Giles, Rosemurgy Properties represented by Alexander Rosemurgy, Schmier Property Group, and Wheelock Street Capital.
The sale was facilitated by a team of brokers from Cushman & Wakefield, namely Robert Given, Troy Ballard, Neal Victor, and Zach Sackley.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Robert Given, Rick Giles, Steven DeFrancis, Alexander Rosemurgy & Zach Sackley
DATE: 08/05/2021
ADDRESS: 20940 Uptown Ave
MARKET: Boca Raton
ASSET TYPE: Multifamily
BUYER: Cortland - Steven DeFrancis
SELLER: Giles Capital Group - Rick Giles; Rosemurgy Properties - Alexander Rosemurgy; Schmier Property Group & Wheelock Street Capital
BROKERS: Robert Given, Troy Ballard, Neal Victor & Zach Sackley - Cushman & Wakefield
SALE PRICE: $230,000,000
UNITS: 456 ~ PPU: $504,000View on map
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Address20940 Uptown Avenue
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