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| Adam Duncan |
HIALEAH, 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 Paradise Villas, a 21-unit apartment property located in Hialeah,
Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale
office. The asset sold for $3,000,000 equating to $142,847 per unit.
Adam Duncan,
a senior associate, and Joseph P. Thomas,
a vice president investments, in Marcus & Millichap’s Fort Lauderdale
office, and Paul D. Nudelman, a senior associate, and George Jimenez, an associate, in Marcus & Millichap’s Miami
office, had the exclusive listing to market the property on behalf of the
seller, a private investor from Lighthouse Point, Fla.
The buyer, a private
investor from Miami Beach, Fla, was secured and represented by Arthur D. Porosoff, a vice president
investments, in Marcus & Millichap’s Miami office.
Paradise Villas is a
three-story, 21-unit, apartment building comprised of 15
two-bedroom/two-bathroom units and six three-bedroom/two-bathroom units. The
property is located at 1461 West 42nd Street, north of Okeechobee Road and east
of the Palmetto Expressway in a dense residential neighborhood with many
retailers and schools.
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400
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