Friday, May 29, 2015

Conquistador Apartments sold for $30M to Miami investor

The Conquistador Apartments in Davie were acquired by a Miami investor for $29.9 million. Les Chalet Investments, managed by Tomas Cabrerizo, purchased the two-story, garden-style complex at 7400 Stirling Road from Conquistador Apartments LLC, a Miami-based company headed by Paul Skoric. It has 318 units, so the price works out to $94,025 per unit. Miami-based City National Bank of Florida provided a $26 million mortgage to the buyer. The 236,654-square-foot apartment complex on 14.1 acres was…

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