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| Evan P. Kristol |
MIAMI, FL– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Flamingo Garden, a 36-unit apartment property located in Miami, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $4,572,000.
Evan P. Kristol,
executive managing director investments along with Felipe J. Echarte,
senior vice president investments in Marcus & Millichap’s Fort Lauderdale
office, had the exclusive listing to market the property on behalf of the
seller, a limited liability company.
“The amount of interest produced from all parts of the
country for the Flamingo Garden Apartments proves that the Marcus &
Millichap platform can truly move capital across the nation to compete with
local investors and maximize prices for sellers,” says Echarte
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| Felipe J. Echarte |
Flamingo Garden is located at 1400 NW 95th Street in Miami, FL.
The property consists of 10 one-story residential buildings spread out over a low density 2.85-acre site and is located in an opportunity zone.
The property offers an excellent mix of eight one-bedroom and 28 two-bedroom apartments.
CONTACT:
Ryan Nee
First Vice President
District Manager
Fort Lauderdale, FL
(954) 245-3400
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