Clarion Partners Acquires Multifamily Property In Fort Lauderdale For $72M

Located at 6701 W. Oakland Park Blvd. in Fort Lauderdale, FL, the multifamily property was sold in a transaction on February 9, 2022. The property, consisting of 302 units spanning 315,000 square feet, was acquired by Clarion Partners for a price of $72,000,000. This translates to a per unit price of $238,410 and a per square foot price of $228.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,000,000
• Units: 302
• Price Per Unit: $238,410
• Square Feet: 315,000
• Price Per Square Foot: $228
• Address: 6701 W. Oakland Park Blvd.
• Market: Fort Lauderdale, FL

In this deal, Milbrook Properties acted as the seller, while Robert Altman from Altman Warwick Inc. and Alan Cohen from ABS Partners Real Estate LLC represented the respective parties as brokers.