Press Releases
Marcus & Millichap Brokers $3.1 Million Sale of 20-Unit Apartment Property in Lake Worth Beach
April 29, 2025
LAKE WORTH BEACH, Fla., April 29, 2025 – 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 Barton Apartments, a 20-unit apartment building in Lake Worth Beach, Florida, for $3.1 million. The sale marks the first time the property has changed hands in 54 years.
“The seller and his family owned the property for more than five decades, and we were honored to help them navigate such a meaningful transition,” said Evan Richardson, first vice president. “The level of interest and competition reflected the unique value of this asset and the continued momentum in the Lake Worth Beach multifamily market.”
Richardson, River Rhoads, Daniel Cunningham, Dillon Majeski and Cory Sanchez, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a local private investor.
Barton Apartments, located at 1406 Barton Road, comprises 19 one-bedroom units and one two-bedroom unit across 13,050 square feet. Built in 1971, the property offers on-site laundry and a sauna, and sits on a 0.53-acre lot less than a mile from Interstate 95. It also offers walkability to Barton Elementary School, Publix, Costco and other major retailers.
“The seller and his family owned the property for more than five decades, and we were honored to help them navigate such a meaningful transition,” said Evan Richardson, first vice president. “The level of interest and competition reflected the unique value of this asset and the continued momentum in the Lake Worth Beach multifamily market.”
Richardson, River Rhoads, Daniel Cunningham, Dillon Majeski and Cory Sanchez, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a local private investor.
Barton Apartments, located at 1406 Barton Road, comprises 19 one-bedroom units and one two-bedroom unit across 13,050 square feet. Built in 1971, the property offers on-site laundry and a sauna, and sits on a 0.53-acre lot less than a mile from Interstate 95. It also offers walkability to Barton Elementary School, Publix, Costco and other major retailers.
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About Marcus & Millichap, Inc. (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, 2024, the company had 1,712 investment sales and financing professionals in over 80 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
