MIAMI—One hundred-forty four of the 320 condo units within the Villas de Venezia Condominiums have changed hands. The fractured condo deal was settled for $13.4 million. That equates to $93,000 per unit and $97 per square foot.

Cushman & Wakefield's South Florida Multifamily Advisory Group represented the seller, a private investor group led by Jose Boschetti and his team of South Florida investors and developers. The buyer was a Florida-based private investment company.

“The property generated extraordinary interest from many domestic and several foreign investors based on the superb Sunrise location, above-market occupancy, and a terrific management team,” says Rosendo Caveiro, senior director of Cushman & Wakefield's Florida Multifamily Advisory Group. “In addition, there was an excited level of interest, particularly among local apartment investors, to the very limited supply of condominium units available to be purchased in bulk in South Florida.”