COLDWELL BANKER COMMERCIAL REALTY AND COLDWELL BANKER COMMERCIAL ATLANTIC FACILITATE SALE OF 10-UNIT MULTI-FAMILY PROPERTY IN MIAMI BEACH, FLA.

FOR IMMEDIATE RELEASE

COLDWELL BANKER COMMERCIAL REALTY AND COLDWELL BANKER COMMERCIAL ATLANTIC FACILITATE SALE OF 10-UNIT MULTI-FAMILY PROPERTY IN MIAMI BEACH, FLA.

MIAMI BEACH, FLA. (Dec. 4, 2024) – Coldwell Banker Commercial Realty and Coldwell Banker Commercial Atlantic are pleased to announce the successful sale of a multi-family property located at 2025 Calais Drive in Miami Beach, Florida. The property, situated in the sought-after Normandy Isle submarket, was sold by Glozal Village LLC and Rebus Salus LLC to 2D Homes LLC for $2,780,000. Rolando A. Alvarez, P.A., CCIM, CPM of Coldwell Banker Commercial Realty and Kristen R. Krause of Coldwell Banker Commercial Atlantic represented the seller in this transaction.

The property encompasses 0.169 acres and features 10 units, offering significant potential for multi-family rental development. Despite the low cap rate and the need for future capital improvements, the property drew considerable interest due to its prime location in Miami Beach. Normandy Isle continues to attract investors seeking opportunities in a vibrant, high-demand rental market.

“This transaction posed unique challenges due to the anticipated improvement costs, but we were able to leverage our market expertise and collaboration to secure a successful outcome,” said Kristen R. Krause. “We are thrilled to have represented our client in navigating this complex sale and achieving their goals.”

“The success of this sale was largely due to the collaboration and strengths that both Coldwell Banker Commercial franchises and each respective associate brought to the table in a very challenging market and property,” said Rolando A. Alvarez, P.A., CCIM, CPM.

The buyer, 2D Homes LLC, intends to transform the property into a thriving multi-family rental community. With Miami Beach’s growing demand for high-quality rental units, this acquisition aligns with the city’s broader housing objectives and offers promising returns for the buyer.

Coldwell Banker Commercial remains committed to delivering exceptional service and innovative solutions for its clients. This transaction highlights the firm’s ability to manage complex deals and underscores its strength in the competitive South Florida real estate market.

About Coldwell Banker Commercial Affiliates

Coldwell Banker Commercial Realty and Coldwell Banker Commercial Atlantic, affiliates of Coldwell Banker Commercial®, provide commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,996 professionals throughout the U.S. For additional information, visit www.cbcworldwide.com.

Media Contact:
Sarra Hochberg, shochberg@cbcatlantic.com
843.744.9877