Hector Hidalgo Acquires Oceanside Villas Multifamily Property From Dani Evanson For $3.3M

The property involved in this transaction is a multifamily asset known as Oceanside Villas, located at 3237 Northeast 11th Street in Pompano Beach. It was sold for $3,300,000, featuring 15 units with an average price per unit of $220,000. The total square footage of the property is 9,286, translating to a price per square foot of $355.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,300,000
• Units: 15
• Price per Unit: $220,000
• Square Footage: 9,286
• Price per Square Foot: $355
• Buyer: Hector Hidalgo
• Seller: Dani Evanson
• Brokers: Dillon Majeski, River Rhoads, Daniel J. Cunningham, Cory Sanchez & Evan Richardson - Marcus & Millichap

The Cunningham-Richardson Group of Marcus & Millichap facilitated the sale, representing both parties in the deal. This transaction is indicative of the sustained demand from investors for properties situated in locations poised for redevelopment, particularly in the Pompano Beach market.