Westdale Real Estate Acquires Multifamily In West Miami For $83M

The multifamily property located at 6320 SW 8th St. in West Miami has been sold for a total of $83,000,000. The transaction took place on June 22, 2021. The property consists of 306 units, with a price per unit of $271,242. The buyer of the property is Westdale Real Estate Investment and Management (Westdale), while the seller is The Estate Companies, represented by Robert Suris and Jeffrey Ardizon.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $83,000,000
• Address: 6320 SW 8th St., West Miami
• Market: West Miami
• Units: 306
• Price per Unit: $271,242
• Buyer: Westdale Real Estate Investment and Management (Westdale)
• Seller: The Estate Companies - Robert Suris & Jeffrey Ardizon

The successful sale of this multifamily property demonstrates the strong demand for real estate investments in the West Miami market. Westdale's acquisition of the property signals their confidence in the potential for growth and returns in the multifamily sector. On the other hand, The Estate Companies, represented by Robert Suris and Jeffrey Ardizon, benefitted from the successful sale of their asset, showcasing their expertise in the real estate market.