MULTIFAMILY PORTFOLIO SELLS FOR $5.59 MILLION IN FLORIDA

HOMESTEAD, FLA. — Marcus & Millichap has brokered the sale of the South Dade Portfolio, a two-community multifamily portfolio in Homestead. The properties offer a total of 150 units. The properties are located at 15451 S.W. 288 Street and 527 Flagler Avenue. A North Miami, Fla.-based investor acquired the portfolio for $5.59 million. Daniel Draizin, Evan Kristol and Still Hunter III of Marcus & Millichap's Ft. Lauderdale, Fla., office represented the seller, an undisclosed investor from Coral Gables, Fla., in the transaction.