The Real Deal Miami

South American investor takes Hawaiian Palms in Lauderdale Lakes for $14.1M

August 19, 2011 03:30AM

The Hawaiian Palms apartment complex in Lauderdale Lakes has been sold
for $14.1 million to a South American private investor, according to
Marcus & Millichap Real Estate Investment Services. Craig Porter and
Darryl Matus of Marcus & Millichap represented the seller, a
Plantation-based limited liability company. “Hawaiian Palms represents
one of the very highest price-per-door, price-per-square foot and
overall sales price amounts in the history of Lauderdale Lakes,” Porter
said. “This was a great opportunity for an investor to acquire a
turn-key apartment community in a historically high-occupancy location.”
Alexander Britell