L3C Capital Partners & PPG Development Group Acquire Multifamily Asset In Miami For $32M

Located at 10141 E. Bay Harbor Dr. in Miami, FL, this multifamily property has been sold in a recent transaction. The property consists of 30 units with a total square footage of 25,158. The sale price for this transaction was $32,000,000, resulting in a per unit price of $1,066,666 and a price per square foot of $1,271. The property is situated in a prime location in the Miami market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Address: 10141 E. Bay Harbor Dr., Miami, FL
• Market: Miami, FL
• Units: 30
• Price per Unit (PPU): $1,066,666
• Square Footage (SF): 25,158
• Price per Square Foot (PPSF): $1,271

The buyers involved in this transaction are L3C Capital Partners represented by Jonathan Leifer and PPG Development Group represented by Ari Pearl and Andrew Pearl. The deal was facilitated by Deme Mekras from MSP Group LLC and Cary Cohen from Blanca Commercial Real Estate. For more information on this trade or other opportunities, interested parties can contact Deme Mekras at [email protected] or Cary Cohen at [email protected].