Thursday, December 10, 2015

Marcus & Millichap Brokers $2.14 Million Sale of Mi Casa Apartments in Coral Springs, FL

Adam Duncan
CORAL SPRINGS, 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 Mi Casa Apartments, a 16-unit apartment property located in Coral Springs, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. 

The asset sold for $2,140,000 equating to $133,750 per unit.

Adam Duncan, a senior associate, Joseph P. Thomas, a vice president investments, and Derek Soven, an associate, all in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private investor from Coral Springs, Fla., and the buyer, a private investor from Davie, Fla.  This is the third transaction Duncan, Thomas and Soven have closed in Coral Springs in the past six months. 

 “The sale of Mi Casa Apartments represents one of the highest sale prices per unit within the submarket,” says Duncan.

Constructed in 1983 on a 1.02 acre lot, Mi Casa Apartments consists of two, two-story buildings with 10 two-bedroom/two-bathroom units and six three-bedroom/two-bathroom units.

Mi Casa Apartments is located at 3301 Northwest 101st Avenue in Coral Springs, Fla.  The property is situated between Coral Springs Drive and North University Drive in a residential neighborhood, with restaurants and retail properties located along Sample Road. It is also near the Sawgrass Expressway and Florida’s Turnpike.

For a complete copy of the company’s news release, please contact:

Ryan Nee
Regional Manager
 Fort Lauderdale, FL
(954) 245-3400

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