Marcus & Millichap arranges the sale of a Coral Springs Apartment complex for $5.5 million

449
Jacob Apartments
Marcus & Millichap announced the sale of Jacob Apartments, atwo-story, 20-unit boutique apartment community in Coral Springs, Florida.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Jacob Apartments, atwo-story, 20-unit boutique 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 residential communities, Coral Springs has been experiencing significant new multifamily and commercial development,” said Evan P. Kristol, executive managing director investments. “Jacob Apartments is one of only a handful of apartment buildings in the city and will continue to benefit from a very competitive rental market.“

Kristol, Brandon J. Rex, and Austin Michels, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had theexclusive listing to market the property on behalf of the seller, a private investor. The buyer, Gould FL Jacob LLC, was also procured by Kristol, Rex, and Michels.

Jacob Apartments, located at 10120 NW 36th Court, features a mix of 12 two-bedroom and 8 three-bedroom apartments, each with two bathrooms. Property amenities include landscaped grounds, 37 parking spaces, onsite laundry facilities, and a quiet residential setting.