Dadeland Multifamily Complex Sells For $300K Per Unit

Apr 23, 2015 No Comments by

Mill Creek Residential Trust sold the 350-unit Modera Dadeland multifamily complex at 8250 Sunset Dr. in Miami, to AMLI Residential Properties LP for $104.5 million, or approximately $300,000 per unit.

AMLI Residential rebranded the asset to AMLI Dadeland.

The apartment community consists of a mix of studios, one-, two- and three-bedroom units. It was built in 2014 in the Glenvar Heights/Kendall multifamily submarket of Miami-Dade County. The property was 41 percent occupied at the time of sale.

Robert Given of CBRE represented the seller. The buyer handled the sale in-house.

 

Source: CoStar

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Industry News, Miami-Dade County Multifamily, Multifamily, NA
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