Thursday, December 29, 2016

Marcus & Millichap Brokers $990,000 Sale of Eight-Unit Highlands Apartments in North Miami Beach

Evan P. Kristol
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 Highlands Apartments, a 8-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 $990,000.

Harrison Rein, Associate, Felipe J. Echarte, Vice President Investments, and Evan P. Kristol, Senior Vice President Investments, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company and the buyer, a private investor. 

Highlands Apartments is located at 13880 NE 20th Place in North Miami Beach, FL.  The property was constructed in 1970. The unit mix consists of four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. 

The Highlands Apartments is uniquely positioned in close proximity to two universities, Florida International University – Biscayne Bay Campus and Johnson & Wales University. Additionally, the property is located adjacent to a $4 Billion, master-planned development that broke ground in June 2015 and is expected to open in 2018.
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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