Topaz Capital Group Acquires Melbourne Multifamily Property For $33.75M

1900 Post Rd, a multifamily property located in Melbourne, was recently sold for $33,750,000. The transaction took place on July 7, 2022. The property consists of 200 units, with an average price per unit of $168,750. The total square footage of the property is 177,313, with a price per square foot of $190.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,750,000
• Address: 1900 Post Rd
• Market: Melbourne

The buyer of the property is Topaz Capital Group, represented by Marc A. Hershberg and Joseph E. Friedman. The seller, Wells Boys & Girls Management, was represented by Jeffrey Wells. The brokers involved in the deal were Darron Kattan and Zach Ames from Franklin Street.