Thursday, November 17, 2011

Oak Grove Apartments sell for $14.2M

November 17, 2011 12:00PM

Oak Grove Apartments
The 369-unit Oak Grove Apartments in Miami have been sold for $14.2 million, in a deal brokered by Cushman & Wakefield. The property was acquired by a South Florida-based investment company that paid approximately $46 per square foot. Oak Grove, which was built in 1972, is located at 15401 NE 6th Avenue on a 10.6 acre lot. Cushman multi-family housing specialists Rosendo Caveiro and Brad Capas represented the seller, a private investment group based in the Northeast. The average unit size is 840 square feet. -- Alexander Britell

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