Heritage at Boca Sells for $68M

A large pension fund advisor purchased The Heritage at Boca Raton multifamily building at 300 W. Palmetto Park Rd. in Boca Raton, FL in an all-cash sale for more than $ 67.96 million, or about $ 274,000 per unit, from Priderock Capital Partners LLC.

The apartment complex was built in the first quarter of 2011 on 7.2 acres in the exclusive Boca Raton East submarket of Palm Beach County. The property is located one mile from the Atlantic Ocean with…
South Florida Commercial Real Estate News From CoStar Group