 |
| Elliot Shainberg |
MIAMI, FL (May 1, 2014) — Franklin Street announces the sale
of a 36-unit apartment building in North Miami, Fla. for $2.393 million,
representing $115 per square foot. The
complex was 100 percent leased at the time of the sale.
The Continental West Apartments is located at 447 NE 125th
St., North Miami 33161.
Franklin Street’s Deme
Mekras, Elliot Shainberg and David Reinke represented the seller and buyer,
both local investors.
The seller, Continental West Apartments, LTD., recently
renovated the property by adding a new roof, plumbing, electrical and putting
in new floors and cabinetry in the units.
The buyer, JC 125th Street, LLC/PTH
125th Street, LLC, plans on maintaining the property as a rental, according to
Shainberg, senior director.
 |
| Deme Mekras |
“With the recent
upgrades, this property stands out in a mostly older neighborhood,” said
Shainberg. “That, combined with the fact that it is located very close to
shopping and public transportation, made it very appealing to our buyer.”
Franklin Street is a family of real
estate companies focused on delivering value-added solutions to meet the
evolving needs of our clients.
Through a collaborative philosophy of leveraging
the resources, expertise, and experience of each of its divisions—Real Estate,
Capital, Insurance and Management—Franklin Street offers unmatched value and
optimal solutions for clients nationwide.
For more information on Franklin
Street, please see the company’s website at FranklinSt.com.
For a complete copy of the company’s news release, please
contact:
954-370-8999/954-330-1554
No comments:
Post a Comment