Pura Vida Hialeah Apartments
Hialeah, FL (Miami metro) · Multifamily and retail- Units
- 260
- Class / built
- A / 2022
- Closed
- Jan 31, 2025
- Purchase price
- $95M
- Price per unit
- ~$365,385
- Leased at closing
- 94.2%
- Year-1 cap rate
- 7%
- Retail
- ~11,000 sq ft
Developed from the ground up starting in 2019 and bought off-market from developer Coral Rock Development Group by a joint venture of CSL Partners, Presidium, Bindor and Big Equity. 75% of apartments receive the Live Local tax abatement.