Saturday, March 19, 2016

Marcus & Millichap Arranges $1.75 Million Sale of 25-Unit Hollywood Manor Apartments in Hollywood FL

Hollywood Manor Apartments, 915 South 21st Avenue, Hollywood, FL

Brandon J. Rex
HOLLYWOOD, 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 Hollywood Manor, a 25-unit apartment property located in Hollywood, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,750,000 equating to $70,000 per unit.

Evan Richardson, associate, Brandon J. Rex, vice president investments, Derek R. Gibbs and Daniel J. Cunningham, associate vice president investments, Robert S. Hunter, senior associate Evan P. Kristol, senior vice president investments, all 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 Fort Lauderdale, Fla and the buyer, a limited liability company from Miami Beach, Fla.

Built in 1972 on a 0.37 acre site, Hollywood Manor is a 25-unit two-story building.  The unit mix is comprised on one studio, 15 one-bedroom/one-bathroom units, and nine two-bedroom/two-bathroom units.  The property offers ample parking, central air-conditioning and on-site laundry.

Hollywood Manor is situated west of South Federal Highway, east of Interstate 95, and south of Hollywood Boulevard at 915 South 21st Avenue in Hollywood, Fla.

For a complete copy of the company’s news release, please contact:
Ryan Nee
Vice President / Regional Manager
 Fort Lauderdale, FL
(954) 245-3400

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