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CBRE SELLS 39-UNITS IN SOUTH BEACH FOR $5,500,000

CBRE SELLS 39-UNITS IN SOUTH BEACH FOR $5,500,000

Ft Lauderdale, FL – March 21, 2013 – (RealEstateRama) — March 21, 2013 – The CBRE Multi-Housing Private Capital Group arranged the sale of three buildings totaling 39-units located on South Beach at 1348 Drexel Avenue, 1135 8th Street and 951 Jefferson Avenue. Bleu Lionn Capital, a local private capital group sold the three properties for $5,500,000 or $141,026 per unit or $261 per square foot to Bar Invest Group, a private capital group based in Miami, FL.