MIAMI—Doral West Apartments, a gated lakeside multifamily community on 22 acres in Doral, has traded hands. Doral West is one of only 25 multifamily assets built since 1998 in Miami-Dade County. The price: $93.5 million.
Doral West offers both flat and townhome-style units with direct-access and detached garages. The property spans 22.4 acres with just 17 units an acre.
“With some of Miami-Dade's best demographics, an excellent school system and improving infrastructure, Doral is highly sought after by institutional investors,” CBRE vice chairman Robert Given. Given represented the seller, a New York company JP Morgan manages. The seller paid about $94 million for the multifamily asset in 2006.
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