Tuesday, October 6, 2015

Marcus & Millichap arranges sale of 24-unit apartment building in lighthouse point, fl

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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