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Shane Hillsley Acquires Multifamily Property In Palm Bay, FL For $29.3M

1880 Mogra Circle Northeast
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This MultiFamily property located in FL was sold for $29,325,000 over 2 years ago. The brokers of the deal were Marisol Hernandez, Sean Williams, Alec Demetriou, Joseph Thomas, Adam Duncan, Shelton Granade, Luke Wickham, Justin Basquill, and AJ Stanford

Located at 1880 Mogra Cir NE in Palm Bay, FL, this multifamily property was sold on December 22, 2021. The property features a total of 160 units with a sale price of $29,325,000, resulting in a per unit price of $183,281. The total square footage of the property is 166,729, making the price per square foot $176.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $29,325,000
  • Address: 1880 Mogra Cir NE, Palm Bay, FL
  • Market: Palm Bary, FL
  • Units: 160
  • Price per Unit (PPU): $183,281
  • Square Footage (SF): 166,729
  • Price per Square Foot (PPSF): $176

The buyer in this transaction was Shane Hillsley, while the seller was Dilip Barot. The deal was facilitated by a team of brokers from Marcus & Millichap, including Luke Wickham, Adam G. Duncan, Joseph P. Thomas, Shelton Granade, Justin Basquill, Sean Williams, Alec Demetriou, AJ Stanford, and Marisol Hernandez.

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Deals
  • Location
    1880 Mogra Circle Northeast, Palm Bay, FL 329051880 Mogra Circle Northeast, Palm Bay, FL 32905
  • Sale Price
    $29,325,000$29,325,000
    $175 PPSF$175 PPSF
  • Area
    166,729 SF166,729 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    9 Brokers, 2 Agencies9 Brokers, 2 Agencies

Agents

Marisol Hernandez

Marisol Hernandez

Deals6
Sold$62.9M

Luke Wickham

Luke Wickham

Deals15
Financed$762.3M

Agencies

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Institutional Property Advisors

Institutional Property Advisors

Agency
Deals519
Volume$16.9B

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Deal Summary

SALE IMAGE: Adam Duncan, Sean Williams, Joseph P. Thomas, Justin Basquill, Shelton Granade & Luke Wickham DATE: 12/22/2021 ADDRESS: 1880 Mogra Cir NE MARKET: Palm Bay, FL ASSET TYPE: Multifamily BUYER: Shane Hillsley SELLER: Dilip Barot BROKERS: Luke Wickham, Adam G. Duncan, Joseph P. Thomas, Shelton Granade, Justin Basquill, Sean Williams, Alec Demetriou, AJ Stanford & Marisol Hernandez - Marcus & Millichap SALE PRICE: $29,325,000 UNITS: 160 ~ PPU: $183,281 SF: 166,729 ~ PPSF: $176

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1880 Mogra Circle Northeast

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