Marcus & Millichap Arranges the Sale of A 98-Unit Apartment Building in Pompano for $11.76M
POMPANO BEACH, Fla., Jan. 5, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Parkside Apartments, a 98-unit apartment property located in Pompano Beach, Florida, according to Ryan Nee, first vice president and district manager of the firm’s Fort Lauderdale office. Parkside was previously purchased by the seller in 2016 for $3,700,000 and sold for $11,760,000.
Joseph P. Thomas, Adam G. Duncan, AJ Stanford, Alec Demetriou and Marisol Hernandez, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the sellers, Benjamin Marks and Goran Dragoslavic. The buyers, Dan Sawicki and Tom Boyle, were also procured by the listing agents.
Built in 1958-1959, Parkside Apartments is comprised of seven buildings totaling 98 apartments across approximately 2.4 acres. The property consists of 19 studios, 52 one-bedrooms, and 27 two-bedroom apartments.
Parkside Apartments is located at 901-951 Northwest 8th Avenue and 930-980 Northwest 9th Avenue in Pompano Beach, Florida, with easy access to Atlantic Boulevard, Interstate 95 (I-95) and Dixie Highway. The property is directly across from Blanche Ely High School and Mitchell Moore Park, which recently underwent a $4 million renovation. According to the City of Pompano Beach, the new football field will now be known as Orange Bowl Field at Mitchell Moore Park.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.