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Jorge Acevedo Purchases Multifamily Asset From Cristobal Gil For $6.1 Million In Hialeah

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SOLD
$6,100,000

Florida

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MultiFamily26,860 SF
Sold 10/29/2024
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Property Image
SOLD

Jorge Acevedo Purchases Multifamily Asset From Cristobal Gil For $6.1 Million In Hialeah

1270 West 29th Street

See Similar Deals
MultiFamily26,860 SF
Sold 10/29/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:26,860 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 1270 West 29th Street in Hialeah, Florida. The sale price for the property was $6,100,000. It consists of 41 units and has a total square footage of 26,860, which reflects a price per unit of $148,780 and a price per square foot of $227.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,100,000
  • Buyer: Jorge Acevedo
  • Seller: Cristobal Gil
  • Broker: Deme Mekras - MSP Group
  • Total Units: 41
  • Total Square Footage: 26,860
  • Price per Unit: $148,780
  • Price per Square Foot: $227

MSP Group CEO, Deme Mekras, represented both the buyer, Jorge Acevedo, and the seller, Cristobal Gil, in this transaction. The sale of this property was one of three included in a larger portfolio deal valued at $21,000,000, which required simultaneous closing for all properties involved.

Players

Deme Mekras
MSP Group
Deme Mekras
32 deals$270.5M volume(786) 208-2684
BROKER

Details

SOLD
IMAGE: Deme Mekras DATE: 10/29/2024 ADDRESS: 1270 West 29th Street MARKET: Hialeah ASSET TYPE: Multifamily BUYER: Jorge Acevedo SELLER: Cristobal Gil BROKER: Deme Mekras - MSP Group (@MSPGroup_LLC) SALE PRICE: $6,100,000 UNITS: 41 ~ PPU: $148,780 SF: 26,860 ~ PPSF: $227 NOTE FROM BROKER: MSP Group is proud to announce the closing of CC Vista Apartments, located at 1270-1280 West 2nd Court in Hialeah, Florida. MSP Group CEO, Deme Mekras, represented both the seller and the buyer. This property was sold as 1 of 3 pieces in a larger portfolio deal, where all the property sales were contingent upon one another and required a simultaneous closing. The portfolio value of all 3 properties was $21,000,000. If you are looking to buy or sell multifamily properties in South Florida please reach out via [email protected] or visit us at www.mspgroup.com.

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