Rental Asset Management Acquires Multifamily Property In Hialeah For $17.5M

The multifamily property located at 7200 W 10th Court in Hialeah was recently sold in a closed transaction. The property comprises 112 units with a total area of 76,718 square feet. The sale price for this transaction was $17,500,000, resulting in a price per unit of $156,250 and a price per square foot of $228.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Date: 08/23/2021
• Market: Hialeah
• Buyer: Rental Asset Management - Andres Guzman
• Seller: PISMO - Steven Levy
• Brokers: Calum Weaver - Cushman & Wakefield | Perry Synanidis - Cushman & Wakefield

The buyer in this transaction was Rental Asset Management, represented by Andres Guzman, while the seller was PISMO, represented by Steven Levy. The deal was facilitated by Calum Weaver and Perry Synanidis from Cushman & Wakefield.