The asset involved in the transaction is a multifamily property located at 3331 Coral Hills Drive in Coral Springs. The sale was executed for $8,650,000, encompassing a total of 53 units. The property spans 45,000 square feet, translating to a price per unit of $163,207 and a price per square foot of $192.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,650,000
• Units: 53
• Square Footage: 45,000
• Price Per Unit: $163,207
• Price Per Square Foot: $192
• Buyer: Rachel Korn Levy - Hunter Creek Investors
• Seller: Richard Colbacchini
• Buyer’s Representative: Travis Jones - ONE Commercial Real Estate

Travis Jones played a significant role in this transaction by identifying Hunter Creek Investors as a suitable buyer for the property. He successfully negotiated an all-cash closing, demonstrating proactive brokerage efforts in the multifamily market. For acquisition opportunities, Rachel Levy can be contacted at [email protected], while inquiries for relevant opportunities can be directed to Travis at [email protected].