 |
| Felipe J. Echarte |
NORTH MIAMI BEACH, FL,
Dec. 29, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real
estate investment services firm with offices throughout the United States and
Canada, today announced the sale of 1870 NE 161st Street, a 5-unit apartment property
located in North Miami Beach, FL, according to Ryan Nee, regional manager of
the firm’s Fort Lauderdale office. The asset sold for $520,000.
Harrison Rein,
Associate, Felipe J. Echarte, Vice
President Investment, and Evan P.
Kristol, Senior Vice President Investment, in Marcus & Millichap’s Fort
Lauderdale office, had the exclusive listing to market the property on behalf
of the seller, a private investor.
Fulford Apartments is
located at 1870 NE 161st Street in North Miami Beach, FL. It is comprised of
four one-bedroom/one-bathroom units and one two-bedroom/two-bathroom unit. The
property is located in a rental market that continues to strengthen. The property is positioned in a central
location that should continue to see occupancy and rental rates improve.
Additionally, many apartment owners have experienced significant rental growth
over the last three years
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Vice President / Regional
Manager
Fort Lauderdale, FL
(954) 245-3400
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