John Moore Acquires Multifamily Asset At 8520 Southwest 107th Avenue For $53.5M

The property asset involved in the transaction is a multifamily property located at 8520 Southwest 107th Avenue in the Miami market. The sale price was $53,500,000, comprising 263 units with a total square footage of 283,695, resulting in a price per unit of $203,422 and a price per square foot of $188. The lot encompasses 401,416 square feet, equivalent to 9.22 acres.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $53,500,000
• Units: 263
• Square Footage: 283,695
• Price Per Unit: $203,422
• Price Per Square Foot: $188
• Lot Size: 401,416 SF
• Acres: 9.22
• Buyer: John Moore
• Seller: Residences at 107 Ave, INC - Felix Caceres
• Buyer's Representative: Miguelangel Salazar-Pesce & Azael Reyes - East Coast Properties & Commercial Real Estate
• Seller's Representative: Larry Stockton - Colliers

Key individuals in this transaction include the buyer, John Moore, and the seller, Residences at 107 Ave, INC, represented by Felix Caceres. The buyer's representatives, Miguelangel Salazar-Pesce and Azael Reyes, are associated with East Coast Properties & Commercial Real Estate, while the seller's representative, Larry Stockton, is affiliated with Colliers.