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| Vedado Apartments |
MIAMI, FL, Oct. 15, 2012 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Vedado Apartments, a 49-unit,
fully-occupied apartment building in Miami, according to Kirk A. Felici,
First Vice President/Regional Manager of the firm’s Miami office.
The asset commanded a sales price of $6,550,000 which
represents $133,673 per unit.
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| Paul D. Nudelman |
Associate Paul Nudelman in Marcus & Millichap’s
Miami office, had the exclusive listing to market the property on behalf of the
seller, a limited liability company from Coral Gables, FL. Vice President Investments Felipe Echarte
in the firm’s Fort Lauderdale office secured and represented the buyer, a
limited liability company from Miami.
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| Felipe Echarte |
Vedado Apartments was constructed in 2010 with structured
parking, balconies, a secure front entrance, a secure parking garage elevator
entrance, a pool with city views and many more amenities.
All units are
one-bedroom/one-bathroom with den units and have a stackable washer/dryer, tile
floors, central air conditioning and attractive layouts. The property was 100 percent occupied at the
point of sale.
Vedado Apartments is located within close proximity to
Brickell at 119 Southwest 6th Avenue in Miami, FL.
Press Contact:
Kirk Felici
First Vice President/Regional Manager, Ft. Lauderdale
(786) 522-7000
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