Shane Hillsley Acquires Multifamily Property In Palm Bay, FL For $29.3M

Located at 1880 Mogra Cir NE in Palm Bay, FL, this multifamily property was sold on December 22, 2021. The property features a total of 160 units with a sale price of $29,325,000, resulting in a per unit price of $183,281. The total square footage of the property is 166,729, making the price per square foot $176.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $29,325,000
• Address: 1880 Mogra Cir NE, Palm Bay, FL
• Market: Palm Bary, FL
• Units: 160
• Price per Unit (PPU): $183,281
• Square Footage (SF): 166,729
• Price per Square Foot (PPSF): $176

The buyer in this transaction was Shane Hillsley, while the seller was Dilip Barot. The deal was facilitated by a team of brokers from Marcus & Millichap, including Luke Wickham, Adam G. Duncan, Joseph P. Thomas, Shelton Granade, Justin Basquill, Sean Williams, Alec Demetriou, AJ Stanford, and Marisol Hernandez.