Matthew Jeffries Of El-Ad National Properties Acquires Multifamily Property In Coconut Grove For $45.5M

The asset involved in this transaction is a 25-unit multifamily residential property located at 3265 Virginia Street in Coconut Grove, FL. The property was sold for $45.5 million, which translates to a price per unit of $1,820,000. This acquisition marks a significant investment in the Miami market by El-Ad National Properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,500,000
• Buyer: Matthew Jeffries - El-Ad National Properties
• Seller: WNG Miami LLC
• Broker: Omar Morales - Berkadia
• Units: 25
• PPU: $1,820,000

This transaction highlights the involvement of key players, including Matthew Jeffries, who represents El-Ad National Properties, and Omar Morales, who acted on behalf of the seller, WNG Miami LLC, in facilitating this deal within the Miami real estate market.