CIG Acquisitions Grp Sells Croydon Arms Apartments

CIG Acquisitions Group LLC sold the 94-unit Croydon Arms Apartments to 3720 Croydon LLC for $ 6.75 million, or approximately $ 72,000 per unit.

The 55,554-square-foot building is currently undergoing major renovations and is not inhabitable at this time. The property is being renovated for either long term tenants, or possible rehab as a hotel.

Gary Eisenberg of Southeast Atlantic Realty Group represented the seller. Felipe Echarte and Joseph…
South Florida Commercial Real Estate News From CoStar Group