MIAMI—Coral Gables office space is white hot, but what about the multifamily market? It seems investors are taking notice of the opportunities there.
CBRE arranged the sale of two multifamily properties totaling 36 units in Coral Gables, FL. 1206 Douglas Road has 20 units and 3-15 Santillane and 910 Douglas Road has 16 units.
Sidonia/Truenorth Santillane sold the Coral Gables multifamily assets to Fipro Holdings for $6 million. The sale price equates to $166,667 per unit and $232 per square foot. CBRE represented the seller.
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