Wednesday, October 1, 2014

Marcus & Millichap Arranges Sale of Harvest Breeze Apartments in Pompano Beach, FL for $1.3 Million


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. 

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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