Saturday, April 20, 2013

Marcus & Millichap Sells Six-Unit Apartment Building for $1.1 Million on Isle of Venice in Fort Lauderdale, FL


                                                          

86 Isle of Venice Apartments, Isle of Venice, Fort Lauderdale, FL

FORT LAUDERDALE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 86 Isle of Venice, a six-unit apartment property located in Fort Lauderdale, FL. The asset commanded a sales price of $1,100,000 representing $183,333 per unit.

Joseph P. Thomas
Associate Vice President Investments Joseph P. Thomas in Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, a private investor from Fort Lauderdale, FL. 

The buyer, a limited liability company from Pompano Beach, FL, was secured and represented by Joseph Thomas and Adam Duncan, an investment specialist also in the firm’s Ft. Lauderdale office. 

86 Isle of Venice is a six-unit apartment building with 60 feet of canal frontage and four rental boat slips located just north of Las Olas Boulevard.

Adam Duncan
The surrounding area is comprised of high-end single-family homes, condominiums and townhomes, along with a few scattered apartment buildings and hotels. The unit mix consists of one studio, two one-bedroom/one-bath apartments, one one-bedroom/two-bath apartment, one two-bedroom/two-bath apartment and one two-bedroom/two-bath townhouse.

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

Gregory Matus
Regional Manager / Vice President,
Fort Lauderdale, FL
(954) 245-3400

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