 |
| Boynton Vistas Apartments, Boynton Beach, FL |
BOYNTON BEACH, FL, February 27, 2013 – Marcus &
Millichap Real Estate Investment Services, the nation’s largest real estate
investment services firm, has announced the sale of Boynton Vistas Apartments,
a 12-unit apartment community located in Boynton Beach, FL. The asset commanded
a sales price of $775,000 which represents $64,583 per unit.
Senior Associate Bill Berthiaume and Associate James
Brennan in Marcus & Millichap’s Ft. Lauderdale office had the exclusive
listing to market the property on behalf of the seller, a limited liability
company from Lake Worth, FL.
 |
| Bill Berthiaume |
The buyer,
a private investor from Palm Beach Gardens, FL was secured and represented by
Berthiaume.
“In just one week we generated more than 12 showings and
four offers and we went from contract to close in 13 days all-cash. The high price per unit and velocity of the
sale demonstrate the new investment interest in this area of Palm Beach
County,” says Berthiaume.
Boynton Vistas Apartments is a 12-unit apartment community
consisting of a two-story, eight-unit apartment building and a one-story
four-plex situated on a 1.13 acre site.
Part of this site has approved plans for future development of seven
additional units and an office.
 |
| James Brennan |
The property sits between NE 17th Avenue and Circle Drive
South, both small streets in a predominantly residential neighborhood. Boynton
Vistas is located at 419 Circle Drive S & 420 NE 17th Street in Boynton
Beach.
For a complete
copy of the company’s news release, please contact:
Gregory Matus
Regional Manager / Vice President,
Ft. Lauderdale
(954) 245-3400
No comments:
Post a Comment