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Wednesday, June 3, 2009

$40 Million Sale for Apartment Complex in Boca Raton


Boca Raton, Florida - The Net Lease Properties news was thin today so we want to report on another passion, investing in select Apartment Buildings. We want to report that a section of LSR Group has acquired the Arbor Oaks Apartments. This beautiful Florida Apartment Complex is a 360 unit luxury garden apartment community. One of the plus points is that this investment property can be found in exclusive Boca Raton. This is one of the most desirable locations in Florida as it sits in southern Palm Beach County. Recent property tax records had valued the Florida Investment property near $35 Million.

Boca Raton Florida Real Estate

Although not a triple net leased property this investment is made up of one, two and three bedroom flats and town homes. The Investment Property purchase price was $111,111 per unit. This is a great deal for both Buyer and Seller as it came out to $40 Million for the Investment. The Arbor Oaks is out in west Boca Raton, just east of U.S. 441 also known as State Road 7. It encompasses nearly 28 acres, south of Glades Road. This area of Glades Road is a well established and is not far from one of the best Malls in America, the Town Center at Boca Raton. Also nearby is the signalized corner at Glades Road and State Road 7 which has Movie theatres, a Borders book store and many well known stores. Nearby is the original Cheap Car Insurance Quotes office for obtaining the cheapest car insurance quotes in the Country. There is plenty of desirable NNN Commercial Real Estate in this section of Florida.

Investment Property in Florida

The Boca Raton Investment Property is in an exceptional location in Boca Raton and around a half hour drive from the West Palm Beach International Airport. This Investment Property is just a short trip from major freeways, and the tony Palm Beach island. The Tenants at this Investment Property can find employment from West Palm Beach, Fort Lauderdale and other nearby communities. Arbor Oaks is positioned nearby the West Boca Medical Center, Florida Atlantic University and Lynn University. If the Tenants at this Investment Property need to use a different approach for International travels, they can have a short 30 minute drive to the Fort Lauderdale Airport.

The Investment Property Tenants are nearby many areas for shopping and all types of dining, golf and country clubs. The Boca Raton Investment known as the Arbor Oaks reflects the resort lifestyle that many People search for in Florida. This Florida Investment Property has plenty of amenities such as a high quality 6,457 square foot clubhouse that includes a study and business center.

Boca Raton Property For Sale

The Boca Raton Investment Property has a spa, beautiful pool, tennis court, indoor racquetball court, well equipped fitness center, and a playground for the kids. The Tenants leasing at this Florida Investment Property have access to a barbecue - picnic area also. On top of that, the Arbor Oaks encompasses a nicely designed man made lake, and supplies gated access and there are a few private garages for occupants.

LSR Group is a Montreal based commercial real estate company. This Investment Group seeks multi-family real estate developments for growth. This Commercial Real Estate Company also exists as a management company and has operations in Canada and in America.


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