Louis Rogers & Whitson Huffman Of Capital Square Realty Advisors Acquire Multifamily Asset In Miami Gardens For $18.5M

The property involved in this transaction is The Villages at Miami Gardens, a multifamily asset located at 3400 Northwest 191st Street in Miami Gardens. The asset spans approximately 3.06 acres, features 50 units, and encompasses a total of 67,477 square feet. The sale price for the property was $18,500,000, equating to a price per unit of $370,000 and a price per square foot of $274.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,500,000
• Units: 50
• PPU: $370,000
• SF: 67,477
• PPSF: $274
• Buyer: Louis Rogers & Whitson Huffman - Capital Square Realty Advisors
• Seller: Ronny Ackermann & Jose Rimeky - Affordable Residential 3400 LLL
• Lender: Walker & Dunlop via Fannie Mae
• Financing Amount: $12,030,000

Louis Rogers and Whitson Huffman, representing Capital Square Realty Advisors, facilitated the purchase of The Villages at Miami Gardens. The seller, Affordable Residential 3400 LLL, received financing through a $12.03 million loan provided by Walker & Dunlop via Fannie Mae for this 2021-built property.