Marcus & Millichap Arranges The Sale Of A Coral Springs Apartment Complex For $5.5M

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisoryservices,announcedtoday thesaleofJacob Apartments,atwo-story,20-unitboutique apartment community in Coral Springs, Florida. The 22,942-square-foot property sold for $5,500,000.

“Known for its top-rated schools and family-oriented residentialcommunities, Coral Springs has been experiencing significant new multifamily and commercial development,” said Evan P. Kristol,executivemanagingdirectorinvestments.“JacobApartmentsisoneofonly ahandfulof apartment buildings in the city and will continue to benefit from a very competitive rental market. “

Kristol,BrandonJ.Rex,andAustinMichels,investmentspecialistsinMarcus&Millichap’s FortLauderdaleoffice,hadtheexclusivelisting to markettheproperty on behalf of theseller, a private investor. The buyer, Gould FL Jacob LLC, was also procured by Kristol, Rex, and Michels.

JacobApartments,locatedat10120NW36thCourt, featuresamixof12two-bedroomand8 three-bedroom apartments, each with two bathrooms. Property amenities include landscaped grounds, 37 parking spaces, onsite laundry facilities, and a quiet residential setting.

AboutMarcus&Millichap,Inc.(NYSE:MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales,financing,researchandadvisoryserviceswithofficesthroughouttheUnitedStatesandCanada.As of December 31, 2021, the company had 1,994 investmentsales and financing professionals in 82 offices whoprovide investmentbrokerage andfinancingservicestosellersandbuyersofcommercialrealestate. 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.