Marcus & Millichap arranges sale of Colonial Resort apartments in Pompano Beach, FL for $1.4 million

Tal I. Frydman

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 Colonial Resort Apartments, an 11-unit apartment property located in Pompano Beach, Fla. The asset sold for $1,450,000.

Derek R. Gibbs and Daniel J. Cunningham, senior associates, and Tal I. Frydman, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private investor from Fort Lauderdale, Fla, and the buyer, a private investor from Fort Lauderdale.

Built in 1966, the two-story building consists of two studios, eight one-bedroom/one bathroom units and one two-bedroom/two-bathroom townhouse style unit.

Colonial Resort Apartments is located at 3226 NE 12th Street in Pompano Beach.

  

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager

Fort Lauderdale

(954) 245-3400