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CSL Partners And Presidium Acquire Multifamily Property From Coral Rock Development Group For $95M

Property Image
SOLD
$95,000,000
Alex Isaia
Andres Grossmann

Florida

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MultiFamily344,465 SF
Sold 01/31/2025
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Property Image
SOLD

CSL Partners And Presidium Acquire Multifamily Property From Coral Rock Development Group For $95M

3051 West 16th Avenue

See Similar Deals
MultiFamily344,465 SF
Sold 01/31/2025
Alex Isaia
Andres Grossmann
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:344,465 SF
Transaction Type:Sale

The transaction involved a multifamily property located at 3051 West 16th Avenue in Hialeah, which sold for $95,000,000. The asset comprises 260 units, with a price per unit of $365,384. The total square footage of the property is 344,465, equating to a price per square foot of $275.

Summary of transaction details:

Andres Grossmann and Alex Isaia played pivotal roles as brokers in this transaction. They highlighted the importance of local tax exemptions in conveying the property's value, which contributed to the successful finalization of the deal.

Players

Alex Isaia
Compass
Alex Isaia
4 deals$117M volume(305) 432-7175
BROKER
Andres Grossmann
RelatedISG International Realty
Andres Grossmann
3 deals$113.1M volume(786) 213-5064
BROKER

Details

SOLD
IMAGE: Alex Isaia & Andres Grossmann DATE: 01/31/2025 ADDRESS: 3051 West 16th Avenue MARKET: Hialeah ASSET TYPE: Multifamily BUYER: CSL Partners & Presidium SELLER: Coral Rock Development Group BROKERS: Andres Grossmann (@AndresGrossmann) - RelatedISG International Realty (@RelatedISG_Commercial); Alex Isaia (@Alex_Isaia) - Compass (@Compass) SALE PRICE: $95,000,000 UNITS: 260 ~ PPU: $365,384 SF: 344,465 ~ PPSF: $275 NOTE FROM BROKER: @alex_isaia & @andresgrossmann "The property and the submarket speaks for itself, but being able to explain the live local tax exemption helped create the value needed to seal the deal" Please reach out for more LLA information and multifamily/development opportunities across Florida.

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