MIAMI—With limited opportunities to acquire multifamily assets in Brickell, some investors are willing to pay a premium. The latest examples come from sales in the emerging West Brickell neighborhood, which fetched above-asking price after only two days on the market.
Cumbria Apartments just bought two multifamily buildings in west Brickell for $2.7 million. The apartment buildings are located at 221-233 Southwest 12th Street. The multifamily buildings together span 6,420 square feet and offer 10 units on a 15,000-square-foot lot.
Mika Mattingly of Sterling Equity Realty Commercial represented the sellers, Roque G. Rodriguez and Jason Rodriguez. Gabriel Reategui Real Estate & Investment represented the buyer.
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