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Marcus & Millichap Announces the Sale and Financing of Ft. Lauderdale Multifamily
Marcus & Millichap has announced the $2.7 million acquisition financing and sale of a 33-unit apartment property located in Ft. Lauderdale, FL. The 25,853-square-foot asset sold for $6.2 million, or $187,879 per unit.
Daniel Cunningham, Evan Richardson, River Rhoads, and Dillon Majeski, investment specialists in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured the buyer, a local private investor.
Capital markets originators David Purisch and Steve Goldwyn of MMCC’s Fort Lauderdale office secured the financing.
The property is located at 4100 S.W. 24th Court, northeast of Interstate 595 and Florida’s Turnpike. Constructed in 1968 on 2.22 acres, the building consists of 29 one-bedroom/one-bath, three two-bedroom/one-bath, and one three-bedroom/two-bath units. The property benefits from recent renovations including updated granite countertops, stainless steel appliances, and luxury vinyl tile flooring.
- ◦Sale/Acquisition

