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| 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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