Miami, FL — The Boca Raton office of Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multi-housing industry, recently brokered the sale of Alton Pointe’s 118 units, positioned on a two-acre site in the heart of South Beach.
The asset was originally built in 1939 and then carefully restored in 2011. The buildings are quintessential examples of the Streamline Modern Art Deco architecture in Miami Beach.
The Boca Raton-based sales team of Principal, Avery Klann (middle left photo), Principal Dick Donnellan (lower right photo) and Senior Vice President Hampton Beebe represented Ram Realty Services in the sale to an undisclosed buyer.
“Alton Pointe resonates with residents who can live car-free, relying on the superb location of the community. Alton Pointe has a “Walk Score” of 88 out of 100 on walkscore.com, one of the top scores in Miami Beach,” noted Avery Klann.
“A Publix supermarket is next door to Alton Pointe, and residents can walk less than a mile to the Lincoln Road Mall, Miami Beach, Epicure Gourmet Market, the famous Collins Avenue and Flamingo Park.”
Alton Pointe offers one of the most luxurious interior finishes in South Beach, including washers and dryers, hurricane impact rated windows, high-end kitchen finishes, hardwood floors, solid surface counters and stainless steel appliances.
“The Downtown Miami Office Submarket is less than five miles from Alton Pointe and offers over 18.5 million square feet of office space,” noted Hampton Beebe.
To schedule an interview with an ARA executive regarding this transaction or for more information about ARA, nationally please contact Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or Amy Morris at amorris@ARAusa.com, 678.553.9366; locally, Marti Zenor at mzenor@ARAusa.com or 561.988.8800.
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