MIAMI—The Boutique, a fully renovated, 43-unit multifamily property in Miami, has a new owner. Bar Invest Realty scooped up the apartment asset from was Boutique at Bayshore LP.

Calum Weaver, who co-chairs CBRE's Private Capital Group, represented the seller in the transaction. The two-story multifamily property, which is located at 8000 N.E. Bayshore Court in Miami, FL., is 100% occupied.

“The property received a significant amount of investor interest due to the extensive renovations and infill location,” says Weaver, first vice president with CBRE's Private Capital Group. “Strong market fundamentals and attractive new debt solutions continue to attract a significant domestic and foreign private capital in Miami-Dade.“

Located in the Shorecrest neighborhood of Miami, off of N.E. 79th Street and east of Biscayne Boulevard, the multifamily asset offers 36 studio units, six one-bedroom/one-bath units, and one two-bedroom/two-bath unit. The multifamily property was completely renovated in 2007 to include GE energy-efficient, stainless steel appliances, new windows, new plumbing and electrical, designer plumbing fixtures and accessories, Zen garden with imported Asian ceramic vessel fountains, and secure keyed entries to new perimeter fence.

The property is located near the major thoroughfares of Interstate 95 (2.1 miles) and Biscayne Boulevard (0.5 miles) providing residents with travel times of 10-20 minutes to major employers in the Design District, Midtown and Brickell.