Aztec Group Arranges $52.2 Million In Debt Financing For 214-Unit Mixed-Use Project In Miami
Aztec Group’s Peter Mekras arranged the financing.
Aztec Group’s Peter Mekras arranged the financing.
The project consists of 90 rental apartments and 9,642 square feet of ground floor retail.
The subject property features two 5-story office buildings on 5.78-acres with frontage on SR-7 (441) just 1-mile north of the Golden Glades Interchange.
The buyer is planning a multifamilyn development.
With this transaction, Peter Mekras has closed three South Florida multifamily transactions representing 692 units and $70 million in the last ninety days. CLICK ON THE HEADLINE FOR MORE
The sale price equates to $118,000 per unit, or $155 per foot, for the 1969-built property. CLICK ON THE HEADLINE FOR MORE
CREC’s Mekras represented Perry Ventures on its acquisition of the property in late 2013 for just under $1 million. CLICK ON THE HEADLINE FOR MORE
The lots had previously sold for a combined $4.6 million in separate deals that closed in 2004 and 2005. CLICK ON THE HEADLINE FOR MORE
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