The Real Deal Miami

Oak Grove Apartments sell for $14.2M

November 17, 2011 11:42AM

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