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| Adam Duncan |
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 Mi Casa Apartments, a
16-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 $2,140,000 equating to $133,750 per unit.
The asset sold for $2,140,000 equating to $133,750 per unit.
Adam Duncan,
a senior associate, Joseph P. Thomas,
a vice president investments, and Derek
Soven, an associate, all in Marcus & Millichap’s Fort Lauderdale
office, represented the seller, a private investor from Coral Springs, Fla.,
and the buyer, a private investor from Davie, Fla. This is the third transaction Duncan, Thomas
and Soven have closed in Coral Springs in the past six months.
“The sale of Mi Casa Apartments represents one
of the highest sale prices per unit within the submarket,” says Duncan.
Constructed in 1983 on a
1.02 acre lot, Mi Casa Apartments consists of two, two-story buildings with 10
two-bedroom/two-bathroom units and six three-bedroom/two-bathroom units.
Mi Casa Apartments is
located at 3301 Northwest 101st Avenue in Coral Springs, Fla. The property is situated between Coral
Springs Drive and North University Drive in a residential neighborhood, with
restaurants and retail properties located along Sample Road. It is also near
the Sawgrass Expressway and Florida’s Turnpike.
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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