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**Goldman Sachs Acquires Viera Multifamily Property for $94 Million**
PAC Land Development has sold Addison Square, a newly completed 270-unit apartment complex located in Viera, Florida, for $94 million. The buyer, Goldman Sachs, paid nearly $350,000 per unit in the transaction.
The sale follows the completion of the property last year, which was financed through a $49.1 million loan from Synovus Bank, according to data from CommercialEdge.
Addison Square is situated on a 14-acre site at 7578 Highsmith Road and consists of nine buildings ranging from two to four stories. The complex features one-, two-, and three-bedroom units, with an average unit size of 1,116 square feet. Each apartment offers high-end features including balconies and walk-in closets.
Amenities at the community are extensive, including a saltwater swimming pool with a spa tub, a state-of-the-art fitness center, theater room, clubhouse, social lounge, conference room with private offices, and a children’s playroom. Residents also enjoy a gaming room equipped with an indoor golf simulator and a bowling alley, as well as an indoor basketball court. Additional offerings include a sundeck, pizza ovens, private cabanas, a barbecue area, EV charging stations, and on-site storage units.
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