Tuesday, October 9, 2012

Marcus & Millichap Sells 162 Units in Melbourne, FL Townhome Community for $6.15 Million



Stonewood Townhomes, Melbourne, FL
MELBOURNE, FL, Oct. 9, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 162 units in Stonewood Townhomes, a 176-unit townhome community located in Melbourne, FL, according to Gregory Matus, Vice President/Regional Manager of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $6,150,000.

Senior Vice President Investments Evan P. Kristol and Still Hunter, III in Marcus & Millichap’s Ft. Lauderdale office and Senior Associate Michael Donaldson in the Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Fort Lauderdale, FL. 

Evan P. Kristol
The buyer, a limited liability company from Cocoa Beach, FL was also secured and represented by Kristol, Hunter and Donaldson. 

Stonewood Townhomes is a 176-unit townhome community that consists of 44 four-plex buildings on a 7.15 acre site of which 162 separately parceled units were sold.

The unit mix is comprised of 24 one-bedroom/one-bathroom units, 33 two-bedroom/one-bathroom units and 105 two-bedroom/one and one-half bathroom two-story townhome units. The property is located at 325 E University Boulevard in Melbourne, FL.

Press Contact:

Gregory Matus
Regional Manager / Vice President,
 Ft. Lauderdale
(954) 245-3400

No comments:

Post a Comment