Dania Beach, FL Office Building on Market for $11 Million

Quinn Sousa

DANIA BEACH, FL –- Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the exclusive listing of 225-255 East Dania Beach Blvd, a 54,912-square foot office property located in Dania Beach, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office.

Ryan Shaw

 The asset is listed for $11,000,000.

Ryan Shaw, First Vice President; Quinn Sousa and Jose Fernandez, investment specialists in Marcus & Millichap’s Miami office, have the exclusive listing to market the property on behalf of the seller, an individual/personal trust. 

“Dania Beach is an appreciating submarket just south of Downtown Fort Lauderdale and next to the Fort Lauderdale/Hollywood International Airport," says Shaw.

Jose
Fernandez

 "The area has seen tremendous development with Dania Point which is one million square foot mixed-use development and Spirit Airlines future $250 million headquarters that just broke ground with completion in 2022.”

225-255 East Dania Beach Blvd is located at 225 E Dania Beach Blvd in Dania Beach, FL. 

 (Property is anchored by Citi Bank, Cruise.com and OCIM Workers Comp. Property sits on 3.25 acres and is in the Dania CRA which allows for additional development of the property .)

CONTACT:

Scott Lunine

Vice President and Regional Manager

 Miami, FL

(786) 522-7000

www.MarcusMillichap.com.

Marcus & Millichap Brokers Sale of 17-unit Pine Grove Townhomes in Valrico, FL

 Pine Grove Townhomes, Valrico, FL

Luis Baez,

VALRICO, 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 Pine Grove Townhomes, a 17-unit apartment property located in Valrico, Fla., according to Chris Travis, regional manager of the firm’s Tampa office.

Luis Baez, CCIM, Casey Babb, CCIM, Dan Mulkey and Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a developer.

Casey Babb

Pine Grove Townhomes is located at Pine Knot Drive in Valrico, Fla. Constructed in early 2000, all seventeen units are within five neighboring buildings on the same street.

The offering consists of 100 percent three-bedroom/two and one-half units measuring either 1,842 or 2,047 square feet.

Units feature large, open floor plans, private patios (some fully screened), fully equipped kitchens with dishwashers, washer/dryer connections in all units, and private garages.

Dan Mulkey

 All units feature condo-grade finishes including granite countertops (select units), wood cabinetry, updated plumbing and lighting/fan packages.

Community amenities include a swimming pool, toddler playground, and several tenant gathering areas.

          

 Pine Grove Townhomes has a substantial employment base within a thirty-minute drive including 93,000 employees within 20 minutes and 60,000 in Downtown Tampa within 30 minutes.

Shawn Rupp

The property is also in proximity to major demand drivers such as the Brandon Regional Hospital (4 miles), Westfield Brandon and Regency Square Malls (5 miles), The Estuary (5 miles); a 150 acres entertainment complex which includes Bass Pro Shop, Top Golf, Dave & Busters, and iFly.

 It also includes two recently constructed USAA office buildings at Crosstown Center, totaling 660,000 square feet of space and over 2,200 employees.

Chris Travis

Pine Grove Townhomes is conveniently located off Bloomingdale Avenue, a major east/west corridor through the Greater Brandon Area with traffic counts exceeding 40,000 vehicles per day.

Residents enjoy close proximity to an abundance of retailers and dining options along as well as the close proximity to the Westfield Brandon Mall and Regency Square Mall which together total over 1.5 million square feet of shopping, dining and entertainment space.

The Brandon Campus of Hillsborough Community College is just minutes away from Pine Grove Townhomes and is an institution with nearly 47,000 students across its six local campuses.

The school ranks 20th nationally in total number of associate degrees produced annually.

CONTACT:

 Chris Travis

Regional Manager,

Tampa, FL

(813) 387-4700

www.MarcusMillichap.com.

Investor purchases Atlanta-area multi-housing community

Marquis at Briarcliff, a 104-unit, garden-style multi-housing community at 1000 Gables Way in the North Druid Hills submarket of Atlanta, GA

 

ATLANTA, GA – JLL Capital Markets announced it has closed the sale of Marquis at Briarcliff, a 104-unit, garden-style multi-housing community in the North Druid Hills submarket of Atlanta, Georgia.

JLL represented the seller, CWS Capital Partners, LLC, and procured the buyer, Chicago-based Oak Residential Partners, LLC.

Marquis at Briarcliff is located at 1000 Gables Way centrally positioned between Buckhead and Midtown and close to Atlanta’s leading private and institutional employers.

 Additionally, the property is in the heart of a dense medical cluster anchored by the CDC Headquarters, Emory University Hospital, the VA Medical Hospital and the American Cancer Society as well as two new medical campuses being developed by Emory Healthcare and Children’s Healthcare of Atlanta. Marquis at Briarcliff comprises four residential buildings offering one-, two- and three-bedroom floorplans. 

Emory University Hospital

Community amenities include a resort-style swimming pool, 24-hour fitness center, outdoor grilling stations and a dog park.

The buyer plans to implement a renovation program to Marquis at Briarcliff that will focus on enhancements to unit interiors, property amenities, building exteriors and landscaping as well as a rebranding and name change.

  

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

 CONTACT:

 Kristen Murphy,

 JLL Senior Manager

 Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

 jll.com.

 cwscapital.com.

 oakresidentialpartners.com.

MMCC Arranges $3.15 Million Cash-Out Non-Recourse Refinancing for a 56-unit multifamily complex in Eustis, FL.

Robert Bhat

EUSTIS, FL– Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate financing and capital markets expertise, has arranged a $3.15 million non-recourse loan to refinance a 56-unit multifamily complex located in Eustis, Florida.

“The borrower acquired the property for less than $1 million and decided to pull cash out for future investments,” said Robert Bhat, first vice president capital markets in MMCC’s Miami office.

“We were able to secure a 12-year fixed rate of 3.89% with the first three years interest- only, followed by a 30-year amortization.”

Eustis, FL Apartments

 About Marcus & Millichap Capital Corporation

Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. 

 CONTACT:

Ocea Huggins
Operations Manager – Orlando and Jacksonville Acting Operations Manager - Miami
Marcus & Millichap 300 South Orange Avenue Suite 700 Orlando, FL 32801 (407) 557-3840 direct (407) 557-3800 main (407) 927-0313 mobile (407) 557-3810 ocea.huggins@marcusmillichap.com

www.mmCapCorp.com