Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of The Village at Boca East, an 84-unit apartment community located in Boca Raton, Florida. The final sale price was $20 million.
Calum Weaver, Perry Synanidis and Garrett Pordes of Cushman & Wakefield represented the seller, 3T Country Club Village LP, in the transaction. Rental Asset Management acquired the property.
“Boca Raton is a red hot multifamily market,” Weaver said. “The property attracted an enormous attention during marketing and received double-digit offers by the end of marketing.”
Located at 1601 NW 13th Street, the garden-style apartment community recently underwent a significant renovation. Amenities include a swimming pool, clubhouse, fitness center, barbeque areas and ample green space.
Located east of Interstate 95 just south of Glades Road, the property is walking distance to Whole Foods, A-rated Boca Raton High and Middle Schools and less than five minutes from Florida Atlantic University, Boca Town Center and over 10 million square feet of office space.