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| 11609 NW 25th Street Apartments, Coral Springs, FL |
13-Unit Building in Coral
Springs Goes for $1.75 Million
CORAL SPRINGS, 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 11609 NW 25th Street, a 13-unit apartment property located in Coral
Springs, Fla., according to Ryan Nee,
regional manager of the firm’s Fort Lauderdale office. The asset sold for
$1,750,000 equating to $134,000 per unit.
Adam Duncan,
a senior associate, Joseph P. Thomas,
a vice president investments, and Derek
Soven, an associate, in Marcus & Millichap’s Fort Lauderdale office,
represented the seller, a private investor from Jersey City, N.J., and the
buyer, a private investor from Coral Springs, Fla.
“This sale represents one
of the highest prices per unit achieved in Coral Springs for a small,
non-institutional quality multifamily property,” says Soven. “The buyer was
able to add to their footprint in Southern Broward County allowing for
continued growth of their portfolio with the acquisition,”
11609 NW 25th Street
consists of two, two-story townhome-style multifamily buildings totaling 13
units. The unit mix includes six two-bedroom/two and half bath apartments and
seven three-bedroom/two and half bath apartments. The units feature spacious
floorplans with ceramic tile flooring, electric appliances, walk-in closets and
large balconies.
The property is located
near many area schools and colleges including: Broward College, Coral Glades
High School and Coral Ridge Christian Academy.
Topanga Canyon Apartments in Fort Lauderdale Sold for
$1.55 Million
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| Topanga Canyon Apartments, Fort Lauderdale, FL |
FORT LAUDERDALE, 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 Topanga Canyon Apartments,
a 12-unit apartment property located in Fort Lauderdale, Fla., according to
Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold
for $1,550,000 equating to $129,166 per unit.
Brandon J. Rex,
a vice president investments, and Evan
P. Kristol, a senior vice president investments, both 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 Oakland
Park, Fla.
The property is comprised
of five one-bedroom units/one-bathroom units, three two-bedroom/one-bathroom
units, and four two-bedroom/two-bathroom units. Topanga Canyon Apartments is
situated just north of Commercial Boulevard and west of Federal Highway (US-1)
at 2255 NE 51st Street in Fort Lauderdale, FL.
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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