$40 Million Sale for Apartment Complex in Boca Raton

BOCA RATON- A well known Boca Raton 360 Unit, Apartment community sold for $40 Million. The Arbor Oaks, in Boca Raton was purchased by a private Canadian investor.
$111,111 per unit is a great deal for both Buyer and Seller.
This Multifamily community is over 90% occupied. It has Class A amenities, such as ceramic tile floors, a gated entry, business center, spa, fitness center, swimming pool and tennis courts.
Th Arbor Oaks is out in west Boca Raton, just east of U.S. 441 aka State Road 7. It encompasses almost 28 acres, south of Glades Road.
Glades Road is a well established street with a beautiful Mall and many areas for shopping and dining.
Recent property tax records had valued the property near $35 Million.
The signalized corner at Glades Road and State Road 7 has Movie theatres, a Borders book store and many well known stores.

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