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Florida & Gulf Coast  + South Florida  + Apartments  | 
Marcus & Millichap has announced the sale of Lucerne Apartments, a 14-unit apartment property located in Lake Worth, FL for $2.85 million.

Marcus & Millichap Brokers Sale, Arranges Financing for S. Florida Multifamily

Marcus & Millichap has announced the sale of Lucerne Apartments, a 14-unit apartment property located in Lake Worth, FL for $2.85 million. Marcus & Millichap Capital Corporation arranged the $1.98 million acquisition financing. 

“Our exclusive listing process generated multiple list price offers,” said Daniel Cunningham, first vice president investments. “The property presents the buyer with an excellent opportunity to purchase a stabilized, well-located property in downtown Lake Worth Beach.” 

“We continue to see strong buyer demand, especially for well-located and appropriately priced assets similar to the Lucerne Apartments,” added Evan Richardson, first vice president investments 

Cunningham, Richardson, River Rhoads, and Dillon Majeski of Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor, and secured the buyer, a New York-based private investor. 

Capital markets originators Steve Goldwyn and David Purisch of MMCC’s Fort Lauderdale office secured the financing. 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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