Tarek Chbeir represented the seller, a private investor, in the transaction. He collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services to market the asset.
The 47,418-square-foot, 2 building property features 18 office suites and 10 retail units.
The sales price was not disclosed but sources close to the deal estimated the price to be approximately $100,000 per room.
Gabriel Britti, Issenberg, and Ricardo Esteves of Marcus & Millichap’s Issenberg Britti Group had the exclusive listing to market the property on behalf of the seller, and procured the buyer, a local LLC.
Robert S. Hunter and Leo Reilly, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the Seller.
The 376-unit apartment development was purchased for $71 million.
Rory Shelby, Scott Gould, and Christopher Biuso, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, MPV Properties.
M&M’s Scott Gould, Chris Biuso, Rory Shelby and Spencer Koch represented the buyer in the transaction.
Ken Hobson, senior associate in Marcus & Millichap’s Orlando office, represented the seller and procured the buyer in the transaction.
They join CBRE from Marcus & Millichap’s Net Lease group.
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