FT. LAUDERDALE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of The Andrews (top left photo), a 25-unit apartment building in Wilton Manors and Granada Hall, (middle right photo) a 10-unit apartment building in Ft. Lauderdale, according to Gregory Matus, Vice President/Regional Manager of the firm’s Ft. Lauderdale office.
The Andrews commanded a sales price of $2.0 million and Granada Hall sold for $1.15 million.
Senior Associate Joseph P. Thomas (middle left photo) of the Ft. Lauderdale office had the exclusive listings to market the properties on behalf of the seller, a well known private investor from Ft. Lauderdale, Fla. The Andrews was purchased by a private investor from Ft. Lauderdale and Granada Hall was purchased by a private investor from Delray Beach, Fla.
“Our marketing campaign generated considerable interest in each property,” says Thomas. “We had multiple offers on both assets which resulted in Granada Hall selling for slightly above the asking price on an all-cash basis and The Andrews selling near the asking price with attractive new bank financing.”
The Andrews is a 25-unit mid-rise apartment building and consists of one two-bedroom/one-and-a-half bathroom townhouse, nine two-bedroom/two-bathroom townhouses and 15 two-bedroom/two-bathroom apartments. It is located at 2520 N Andrews Avenue in an excellent Wilton Manors rental location.
Granada Hall is a 10-unit apartment building and consists of three studios, three one-bedroom/one-bathroom apartments, one one-bedroom/two-bathroom apartment, two two-bedroom/two-bathroom apartments and one two-bedroom/three-bathroom apartment.
The property is situated between the Intracoastal Waterway and Atlantic Ocean on Fort Lauderdale Beach. Granada Hall is located at 3000 Granada Street in Ft. Lauderdale.
Press Contact: Ashley Steele, (954) 245-3400
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