REO Asset Specialists Acquires Lauderhill Condo Portfolio For $17.4M

The property involved in this closed transaction is a condo located at 2601 & 2611 Northwest 56th Avenue in Lauderhill. The property sits on 5.6 acres of land and comprises a total of 154 units. The sale price for this transaction was $17,400,000, resulting in a per-unit price of $112,988. The total square footage of the condo is 135,232, giving a price per square foot of $129.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $17,400,000
• Address: 2601 & 2611 Northwest 56th Avenue
• Market: Lauderhill
• Acres: 5.6
• Units: 154
• Price per Unit: $112,988
• Square Footage: 135,232
• Price per Square Foot: $129

The buyer in this transaction is REO Asset Specialists represented by Lisa Ramos and Lisette Nunez. The seller is Attainable Home Company represented by Meir Benzaken. The lender involved in the deal is LV Lending, with Camilo Niño and Ricardo Uribe handling the transaction. The mortgage brokers for the deal are Jesse Wright and Maddy McMillen from JLL and James Dockerty from Quartz Real Estate Advisors.