Trion Properties Acquires Multifamily Property In Miami For $87.3M

The multifamily property located at 8855 Fontainebleau Blvd in Miami has been sold for a price of $87,250,000. The property comprises 294 units with an average price per unit of $296,769. The total square footage of the property is 231,348, and the price per square foot is $377.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $87,250,000
• Units: 294
• Price Per Unit: $296,769
• Square Footage: 231,348
• Price Per Square Foot: $377

The transaction involved Trion Properties, represented by Max Sharkansky, Mitch Paskover, Marley Dominguez, and Adrie Bailey, as the buyers. The seller was Grand Peaks. Maurice Habif, Simon Banke, and Ted Turner, from JLL, acted as brokers in the deal. Jesse Wright, also from JLL, served as the mortgage broker.