A fractured condominium property in growing Doral sold for $37.25 million.

New York-based value-add residential investor Axonic Properties LLC bought Valencia at Doral from Bay Harbor Islands-based private equity real estate investor Transcendent Investment Management.

The fractured condominium Valencia at Doral is comprised of 170 units out of a total of 310. The gated community is at the intersection of Northwest 102nd Avenue and 41st  Street. The address is 10000 NW 45th Terrace.

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Lidia Dinkova

Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.