Garrett Pordes & Calum Weaver Acquire Normandy Isles Multifamily For $24.5M

A multifamily property located at 1006 Bay Drive in Normandy Isles, Miami Beach, has been sold for a total price of $24,500,000. The transaction took place on 05/24/2022 and was facilitated by brokers Garrett Pordes and Calum Weaver from Cushman & Wakefield. The property consists of 108 units, with a price per unit of $226,852. It spans across 84,500 square feet, resulting in a price per square foot of $290.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Units: 108
• Price Per Unit: $226,852
• Square Footage: 84,500
• Price Per Square Foot: $290
• Date: 05/24/2022
• Address: 1006 Bay Drive
• Market: Normandy Isles, Miami Beach

Garrett Pordes and Calum Weaver from Cushman & Wakefield facilitated the deal as brokers. They represented the parties involved in the transaction, ensuring a successful closing.