 |
| Castlewood Townhome Apartments, 11550 NW 39th Street, Coral Springs, FL |
 |
| Evan P. Kristol |
CORAL SPRINGS, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Castlewood Townhome Apartments, a 24-unit
apartment property located in Coral Springs, FL. The asset sold for $2,450,000.
Senior Vice President Investments Evan P. Kristol in
Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to
market the property on behalf of the seller, a limited liability company from
Washington, DC. The buyer, a limited
liability company from Coral Springs, FL was also secured and represented by
Kristol.
“This was an opportunity for an investor to acquire a
well-located multifamily asset with outstanding curb appeal, an oversized unit
mix and excellent future potential.
“As the ‘for sale’ condominium market continues to recover,
Castlewood will make an excellent candidate for conversion to condominiums due
to its unique unit mix of all two- and three-bedroom floor plans,” says
Kristol.
Castlewood Townhome Apartments is a garden-style apartment
community that consists of 24 apartments in three two-story buildings
surrounding a swimming pool and sundeck.
More than 50 percent
of the two and three bedroom/two bathroom apartments are townhome style and offer
an extra half-bathroom.
Additionally, one-half of all townhome units feature a
private direct access garage and semi-private landscaped entry with front
patio.
Castlewood Townhome Apartments is located at 11550 NW
39th Street in Coral Springs, FL.
For a complete copy of the company’s news release, please
contact:
Ryan Nee
Regional Manager, Ft. Lauderdale
(954) 245-3400
No comments:
Post a Comment