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Boca Raton, Fla., multifamily asset on the market

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Boca Raton, Fla., multifamily asset on the market

A recently developed multifamily project, 850 Boca in Boca Raton, Fla., is on the block for sale.

The 370-unit apartment complex, developed at The Park at Broken Sound by CC Residential and The Praedium Group, could fetch $125 million to $145 million and is 69% leased, according to The Real Deal.

The development was completed earlier in 2017 and comprises 336 mid-rise apartment homes with an average space of 1,093 square feet per unit, and 34 three-bedroom townhomes with two-car garages that average 1,736 square feet each.

Cushman & Wakefield will market the project.