American Landmark Acquires Melbourne Multifamily For $36.9M

Located at 2395 Woodwind Trail in Melbourne, this multifamily property was recently sold in a transaction facilitated by Institutional Property Advisors from Marcus & Millichap. The property consists of 208 units, with a sale price of $36,900,000, resulting in a per unit price of $177,404.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $36,900,000
• Units: 208
• Price Per Unit: $177,404
• Market: Melbourne

American Landmark Apartments acquired this property from BG Capital Management, represented by Jane G. Greenblatt. The successful transaction showcases the involvement of key professionals such as Institutional Property Advisors, who played a crucial role in facilitating the deal between the buyer and seller.