Hernan Rey Acquires Multifamily Asset From Richard Lakin In Fort Lauderdale For $2.75M

The property asset involved in this transaction is a multifamily unit located at 821 North Victoria Park Road in Fort Lauderdale. It consists of 12 units with a total square footage of 7,631, resulting in a price per unit of $229,167 and a price per square foot of $360. The sale price for this asset was $2,750,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,750,000
• Units: 12
• Square Footage: 7,631
• Price per Unit: $229,167
• Price per Square Foot: $360
• Buyer: Hernan Rey
• Seller: Richard Lakin
• Brokers: Erik Leon & Gabriel Pena - Matthews Real Estate Investment Services

The key individuals in this transaction include Hernan Rey as the buyer and Richard Lakin as the seller. The deal was facilitated by brokers Erik Leon and Gabriel Pena, who represented the transaction through Matthews Real Estate Investment Services.