Pantzer Properties Acquires Multifamily Property In Coral Gables For $97.5M

The multifamily property located at 2263 Southwest 37th Avenue in Coral Gables has been sold in a closed transaction. The property spans over 1.59 acres and includes 237 units. It has a total square footage of 407,265, with an average price per square foot of $239. The sale price for this transaction was $97,500,000, resulting in an average price per unit of $411,392.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $97,500,000
• Market: Coral Gables
• Address: 2263 Southwest 37th Avenue
• Acres: 1.59
• Units: 237
• Square Footage: 407,265
• Price per Square Foot: $239

Pantzer Properties, represented by Jason Pantzer, acted as the buyer in this transaction. The seller was Wafre Inc. The lender involved in this deal was JLL Real Estate Capital.