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| Mandalay Apartments, 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 Mandalay Apartments, a 106-unit apartment
property located in Fort Lauderdale, FL. The asset commanded a sales price of
$5,200,000.
Senior Associates Derek R. Gibbs and Daniel J.
Cunningham and Vice President Investments Tal I. Frydman in Marcus
& Millichap’s Ft. Lauderdale office, had the exclusive listing to market
the property on behalf of the seller, a private investor from Miami.
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| Derek R. Gibbs |
The buyer, a limited
liability company from North Lauderdale, was secured and represented by Gibbs,
Cunningham and Frydman.
Mandalay Apartments consists of 13 two-story buildings
comprised of 66 one-bedroom/one-bathroom units, 28 two-bedroom/two-bathroom
units and 12 studios. The buildings
were built in 1969 and sit on 3.81 acre lot.
The property is situated on Davie Boulevard near I-95 and
I-595 and minutes from Downtown Fort Lauderdale. Mandalay Apartments is located at 2115 Davie Boulevard.
For a complete copy of the company’s news release, please
contact:
Gregory Matus
Regional Manager / Vice President
Ft. Lauderdale, FL
(954) 245-3400
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