A unique 45-unit multifamily asset located at 3300 South Dixie Highway in Coconut Grove, Miami, has been successfully sold for $10.9 million. The property, spanning approximately 32,100 square feet, was listed by Trizel CRE and represented by Virgilio Fernandez from Colliers International.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,900,000
• Units: 45
• Price per Unit: $242,222
• Total Square Footage: 32,100
• Price per Square Foot: $340
• Market: Miami

The sale of this multifamily asset attracted multiple high-priced offers, highlighting its desirability within the market. Virgilio Fernandez expertly represented both the seller, Trizel CRE, and the buyer, Philip Rahimzadeh. The transaction was completed swiftly in just 4 days, resulting in a favorable cash deal.

For individuals seeking expert guidance in property acquisition or sale, Colliers International offers their professional assistance. Interested parties can contact Virgilio Fernandez at virgilio.fernandez@colliers.com.