REMS Group Sells Brickell Station Lofts for $17M

REMS Group, Inc. sold the Brickell Station Lofts, a multifamily development at 100 SW 10th St. in Miami, Florida to MDR Real Estate LLC for $ 17 million, or about $ 270,000 per unit.

The property is a nine-story, 80,712-square-foot building constructed in 2009. The apartment building is a mix of 12 one-bedroom and 51 two-bedroom units that range from 910 to 1,342 square feet.

The asset been foreclosed on during development, and the seller acquired…
South Florida Commercial Real Estate News From CoStar Group