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Franklin Street has arranged the sale of The Mahalo Isles, 20-unit, waterfront multifamily in Fort Lauderdale’s Harbordale submarket, for $6.8 million

Franklin Street Arranges Sale of Fort Lauderdale Waterfront Multifamily for $340K Per Unit

Franklin Street has arranged the sale of The Mahalo Isles, a 20-unit, waterfront multifamily in Fort Lauderdale’s Harbordale submarket, for $6.8 million. The pricing — according to the company considered top of market for a 1970s-era property — equates to $340,000 per unit and $512 per square foot.

Franklin Street’s South Florida multifamily investment sales team of Ryan Wold, Dan Dratch and Greg Matus represented the seller, EGA Holdings, LLC, in the transaction. The buyer is Cochise Capital.

The 13,320-square-foot property is comprised of primarily one-bedroom units. It is situated on 0.72 acres on one of Harbordale’s isles, just blocks from direct access to Fort Lauderdale Beach.

“The Mahalo Isles enjoys an irreplaceable waterfront location in one of South Florida’s most sought-after submarkets, making it a prime value-add opportunity,” said Wold. “Cochise Capital has an excellent opportunity to grow rents through continuing the renovations started by the previous owner.”

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Franklin Street’s Wold

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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