SOLD
Island Capital Group Acquires Margate Multifamily Property For $64M
5555 Celebration Pointe Lane
MultiFamily
295,000 SF
295,000 SF
Sold 1 year ago
Summary
Sale
FLORIDA
MultiFamily
295,000 sqft
Located at 5555 Celebration Pointe Lane in Margate, this multifamily property was recently sold in a closed transaction. The property spans across 295,000 square feet and consists of 282 units. The sale price amounted to $64,000,000, with a price per square foot of $217 and a price per unit of $226,950.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $64,000,000
- Address: 5555 Celebration Pointe Lane
- Market: Margate
The buyer in this transaction was Island Capital Group, represented by Andrew Farkas. The seller, on the other hand, was Garco, with Carlos Garcia, Martha Fernandez, and Omar Fonte as the selling party. Newmark's brokers, including Tal Frydman, Hampton Beebe, Avery Klann, Jonathan Senn, and Tyler Minix, facilitated the deal.
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Tyler Minix, Hampton Beebe, Andrew Farkas, & Avery Klann
DATE: 01/18/2021
ADDRESS: 5555 Celebration Pointe Lane
MARKET: Margate
ASSET TYPE: Multifamily
BUYER: Island Capital Group - Andrew Farkas
SELLER: Garco - Carlos Garcia, Martha Fernandez, & Omar Fonte
BROKERS: Tal Frydman, Hampton Beebe, Avery Klann, Jonathan Senn, & Tyler Minix - Newmark
PRICE: $64,000,000
SF: 295,000 ~ PPSF: $217
UNITS: 282 ~ PPU: $226,950View on map
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Address5555 Celebration Pointe Lane
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