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| Brandon J. Rex |
POMPANO BEACH, FL – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced
the sale of Harvest Breeze Apartments, a 14-unit apartment property
located in Pompano Beach, Fla, according to Ryan Nee, regional manager
of the firm’s Fort Lauderdale office.
The asset sold for $1,350,000 equating to $96,429 per unit.
Harvest Breeze Apartments is situated just off South Ocean
Boulevard and SE 12th Street, and just south of Atlantic Boulevard, at 3213 SE
12th Street in Pompano Beach, Fla.
Brandon J Rex, a vice president investments and Evan
P. Kristol, a senior vice president of investments, in Marcus &
Millichap’s Fort Lauderdale office, had the exclusive listing to market the
property on behalf of the seller, a limited liability company from Delray
Beach, Fla.
The buyer, a private investor from Boca Raton, Fla, was
secured and represented by Felipe J. Echarte, a vice president
investments, in Marcus & Millichap’s Fort Lauderdale office.
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| Evan P. Kristol |
“Harvest Breeze Apartments offered the rare opportunity to
acquire an extremely well-located apartment building east of the Intracoastal
and close to the beach.
“Tenants benefit from the tranquil, residential setting
surrounding the building, made up mostly of condominiums, and single family
homes, and its close proximity to Atlantic Boulevard, which is lined with
retail and dining from the beach all the way to Interstate 95.” Says Rex
Harvest Breeze Apartments is a two-story building comprised
of 12 one-bedroom/one-bathroom units and two two-bedroom/two-bathroom units.
For a complete
copy of the company’s news release, please contact:
Ryan Nee
Regional Manager
Fort Lauderdale
(954) 245-3400
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