Friday, May 10, 2013

Marcus & Millichap Sells 15-Unit Apartment Building in Oakland Park, FL for $1.02 Million




16-Unit Apartment Building, Oakland, Park, FL

OAKLAND PARK, FL, May 10, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 16-unit apartment property located in Oakland Park, FL. The asset commanded a sales price of $1,020,000.

Joseph P. Thomas
Joseph P. Thomas, an Associate Vice President Investments, and Adam Duncan, an Associate, both in Marcus & Millichap’s Ft. Lauderdale office, represented the seller, a private investor from Fort Lauderdale, FL.  The buyer, a private investor from Sunny Isles, FL was also secured and represented by Thomas and Duncan. 

Adam Duncan
The building was constructed in 1974 and contains a unit mix of eight one bedroom/one bathroom units and eight two bedroom/one bathroom units. The property is located at 4075 NE 1st Avenue in Oakland Park, FL.

 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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