multifamily

February 23, 2016 Comments Off on Priderock Pays $42M for Jupiter Multifamily Views: 212 California News, Florida, National News, Southeast

Priderock Pays $42M for Jupiter Multifamily

Priderock Capital Partners of West Palm Beach has reportedly paid Eastwind Development $42 million for Dakota at Abacoa. The 190-unit multifamily property is situated on six acres at 3334 Bismark Lane in Jupiter, FL.

Dakota’s amenities include: a conference room, clubhouse, pool and poolside lounge, and a fitness center. Based on CoStar data, the average asking rent per unit is $1,784 per month, and the average unit spans 1,243 square feet.

Eastwind, the property’s developer, paid $1.2 million three years ago to buy the acreage on which the Dakota sits. Eastwind is headquartered in Palm Beach Gardens, FL.

Read More at The Real Deal

Connect With Priderock Capital Partners

Connect with Eastwind Development

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.