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| Point Royale Apartments, Lighthouse Point, FL |
LIGHTHOUSE POINT, FL –
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of Point Royale, a 24-unit
apartment property located in Lighthouse Point, Fla.
The asset sold for
$3,025,000 equating to more than $126,000 per unit.
Derek R. Gibbs
and Daniel J. Cunningham, associate
vice president investments, and Evan
Richardson, an associate, in Marcus & Millichap’s Fort Lauderdale
office, had the exclusive listing to market the property on behalf of the
seller, a limited liability company from Lighthouse Point, Fla.
Point Royale Apartments is
a 24-unit apartment complex located in the highly sought after city of
Lighthouse Point, Fla. The property consists of one two-story building,
comprised of 14 one-bedroom/one-and-one-half-bathroom units, and 10
two-bedroom/two-bathroom units.
Point Royale is within
five minutes of major shopping centers, public parks and beaches, as well as
Interstate 95. The property is located just east of North Federal Highway and
Sample Road at 2201 Northeast 36th Street.
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Regional Manager, Fort
Lauderdale
(954) 245-3400
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