13-Unit San Luis Apartments in Miami's East Little Havana Neighborhood Sold for $1.15 Million

 San Luis Apartments, a 13-unit apartment property
at 430 SW 6th Avenue in Miami's East Little Havana Neighborhood

David M. Cohen

MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of San Luis Apartments, a 13-unit apartment property located at 430 SW 6th Ave in Miami, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $1,150,000.

Javier A. Ubeda and David Cohen, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor. 

The buyer, a limited liability company, also was secured and represented by the two brokers.

“Through a very active marketing effort with local and international market exposure, we managed to generate multiple offers," said Ubeda.

Javier A. Ubeda

"With the competitive bidding environment created, combined with the property’s extremely desirable location in East Little Havana, we were able to secure near record price per square foot pricing for the sellers and closed in less than 11 weeks.

"This sale speaks to the high demand for multifamily property in the Little Havana area of Miami,” said Ubeda.

Scott A. Lunine

Contacts:

Scott Lunine

Vice President
Regional Manager
 Miami, FL

(786) 522-7000

 www.MarcusMillichap.com.

Daniella Aragon
Marketing Coordinator
Marcus & Millichap 5201 Blue Lagoon Drive Suite 100 Miami, FL 33126 (786) 522-7000 main (786) 522-7122 direct (786) 522-7010 fax daniella.aragon@marcusmillichap.com