CREC just closed on the bulk sale of 141 condos in Sunrise. The $17.25 million sale price equates to $121,453 per unit, or $137 per square foot.
The Isles at Lago Mar Condominium was built in 1991 as apartments. The multifamily units near the intersection of Flamingo Road and Sunrise Boulevard were converted to condominiums in 2005.
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