Rental Asset Management Acquires Multifamily Property In Little Havana For $30.1M

A multifamily property located at 35 SW 6th Avenue in the Little Havana market has been sold. The transaction took place on April 26, 2022, and the property was acquired by Rental Asset Management for a total price of $30,100,000. The property consists of 100 units, with a per unit price of $301,000. The total square footage of the property is 126,897, resulting in a price per square foot of $237.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $30,100,000
• Units: 100
• Price per Unit: $301,000
• Total Square Footage: 126,897
• Price per Square Foot: $237
• Market: Little Havana

Rental Asset Management, represented by German Guzman and Axel Jordan, acted as the buyer in the transaction. On the other hand, Eastern Atlantic Land Development, represented by Eric Milne, was the seller. The successful completion of this deal highlights the expertise and professionalism of all the individuals and companies involved.