Dadeland Multifamily Complex Sells For $300K Per Unit

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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