Safehold Acquires Multifamily Property In North Bay Village For $122M

The multifamily property located at 8000 West Drive in North Bay Village has been sold in a closed transaction. The property spans across 4.5 acres and is situated in a desirable location.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $122,000,000
• Number of Units: 285
• Price Per Unit: $428,070

The buyer of the property was Safehold, while the seller was Clarion Partners represented by David Gilbert. The sale price for the property was $122,000,000, with a total of 285 units. This translates to a price per unit of $428,070.

This transaction showcases the involvement of key individuals and companies in the deal. Safehold served as the buyer, while Clarion Partners, with David Gilbert as their representative, acted as the seller. The successful completion of this sale highlights the continuous activity and value within the North Bay Village market.