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Carroll Organization Acquires Margate Multifamily For $66.5M With Lynd Living And North Point Capital Group As Sellers

5750 Lakeside Drive
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This MultiFamily property located in FL was sold for $66,500,000 over 2 years ago. The broker of the deal was Hampton Beebe

David Lynd, David P. Zar, Shawn Hakimian, and Patrick Carroll were involved in the sale of a multifamily property located at 5750 Lakeside Dr in Margate, FL. The transaction took place on November 19, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $66,500,000
  • Address: 5750 Lakeside Dr, Margate, FL
  • Market: Margate, FL
  • Buyer: Carroll Organization - Patrick Carroll
  • Seller: Lynd Living - David Lynd, North Point Capital Group - David P. Zar & Shawn Hakimian
  • Units: 280
  • Price Per Unit: $237,500
  • Square Footage: 234,320
  • Price Per Square Foot: $284

The Lynd Company and North Point Capital Group had purchased this property 8 months ago for $50,750,000. This transaction marks a significant increase in the sale price, reflecting the potential value and growth opportunities associated with the property.

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Deals
  • Location
    5750 Lakeside Drive5750 Lakeside Drive
  • Sale Price
    $66,500,000$66,500,000
    $283 PPSF$283 PPSF
  • Area
    234,320 SF234,320 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Hampton Beebe

Hampton Beebe

Deals16
Financed$905.2M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: David Lynd, David P. Zar, Shawn Hakimian & Patrick Carroll DATE: 11/19/2021 ADDRESS: 5750 Lakeside Dr MARKET: Margate, FL ASSET TYPE: Multifamily BUYER: Carroll Organization - Patrick Carroll SELLER: Lynd Living - David Lynd, & North Point Capital Group (@NorthpointCap) - David P. Zar & Shawn Hakimian (@ShawnHakimian) SALE PRICE: $66,500,000 UNITS: 280 ~ PPU: $237,500 SF: 234,320 ~ PPSF: $284 NOTE: The Lynd Company and North Point Capital Group purchased this property 8 months ago for $50,750,000.

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5750 Lakeside Drive

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