Marcus & Millichap Brokers $11.76 Million Sale of MultiFamily Property in Pompano Beach

Marcus & Millichap, a prominent commercial real estate brokerage firm, has recently closed a significant deal in the Pompano Beach area of Florida. The firm successfully facilitated the sale of a MultiFamily property located at 901 Northwest 8th Avenue for a total price of $11.76 million.

The property, situated in a prime location in Pompano Beach, offers a range of attractive features and amenities. With a total square footage of 0, the property is designed to accommodate multiple families and provides a comfortable living environment. The MultiFamily asset type is a popular choice for investors looking to diversify their portfolios and generate steady rental income.

The buyer, whose identity has not been disclosed, recognized the potential of the property and seized the opportunity to acquire it. The purchase price of $11.76 million reflects the value and potential of the property, making it an attractive investment opportunity.

On the other side of the transaction, the seller decided to capitalize on the strong demand for MultiFamily properties in the Pompano Beach area. By partnering with Marcus & Millichap, the seller was able to effectively market the property and attract qualified buyers. The successful sale demonstrates the expertise and market knowledge of Marcus & Millichap in the commercial real estate industry.

Marcus & Millichap, known for its extensive network and industry-leading professionals, played a crucial role in the transaction. The brokerage firm leveraged its expertise in the MultiFamily sector to identify potential buyers and negotiate a favorable deal for both parties. The sale of the property further solidifies Marcus & Millichap’s position as a trusted advisor and facilitator of commercial real estate transactions.

The MultiFamily property at 901 Northwest 8th Avenue is expected to continue generating strong rental income for the buyer. With its prime location and attractive features, the property is well-positioned to attract tenants and provide a stable cash flow. The acquisition of this property aligns with the buyer’s investment strategy and adds value to their portfolio.

Overall, the sale of the MultiFamily property in Pompano Beach for $11.76 million showcases the strength of the commercial real estate market in the area. The transaction highlights the demand for MultiFamily properties and the opportunities available for both buyers and sellers. With the assistance of Marcus & Millichap, the buyer and seller were able to navigate the complexities of the transaction and achieve a successful outcome. As the commercial real estate market continues to evolve, Marcus & Millichap remains at the forefront, providing exceptional service and delivering results for its clients.