J. Milton & Associates Acquires Shamrock Of Sunrise Apartment Complex For $28.94M From Lloyd Jones

The Shamrock of Sunrise apartment complex in Broward County has been sold in a cash deal for $28.94 million. The 119-unit property, located at 4001 North Pine Island Road in Sunrise, has seen an increase in value since its last sale for $20 million in 2018. With a price per unit of $243,193 and a total square footage of 121,997, the property offers a solid investment opportunity in the multifamily market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,940,000
• Units: 119
• Price Per Unit: $243,193
• Square Footage: 121,997
• Price Per Square Foot: $237
• Address: 4001 North Pine Island Road, Sunrise
• Market: Sunrise

J. Milton & Associates' affiliate, Joseph Milton, acquired the Shamrock of Sunrise apartment complex from Lloyd Jones' affiliates. This transaction marks a successful investment for J. Milton & Associates, as the property's value has appreciated since the previous sale. The deal showcases the expertise and strategic decision-making of Joseph Milton and his team in identifying promising multifamily opportunities.