Bruce Gago Of FCP Acquires 250-Unit Alexan Miramar From Danny Queenan & Ken Valach For $67.5M

The multifamily property involved in this transaction is the 250-unit Alexan Miramar apartment complex, located at 3155 Southwest 147th Terrace in the Miramar market. The property was sold for $67.5 million, which equates to approximately $269,840 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,500,000
• Units: 250
• PPU: $270,000
• Buyer: Bruce Gago - FCP
• Seller: Danny Queenan & Ken Valach - Trammell Crow Residential
• Brokers: Robert Given & Zachary Sackley - CBRE
• Lender: J.P. Morgan Chase
• Mortgage Brokers: Charles Crapse & Denny St. Romain - CBRE

This transaction involved key individuals, with Bruce Gago representing the buyer, FCP, while the seller, Trammell Crow Residential, was represented by Danny Queenan and Ken Valach. The brokerage team from CBRE included Robert Given and Zachary Sackley, who facilitated the deal. Additionally, the transaction was financed by a mortgage from J.P. Morgan Chase, which included the assumption of a previous loan and the acquisition of additional debt.