Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 34-unit multifamily building known as Sunshine Garden Apartments and neighboring single-family home in Pembroke Pines, Florida. The assets sold for $6,400,000.
Joe Thomas, Adam Marcuvitz, Alec Demetriou, and AJ Stanford, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, Tango-76 Group, LLC.
The properties at 6840 Pembroke Road (Sunshine Garden Apartments, built in 1974) and 1871 Southwest 69th Avenue are situated on the west side of Florida’s Turnpike and east of University Drive in Pembroke Pines. They comprise a total of 27,428 square feet on a 1.01-acre lot. The apartment units range in size from 750 to 900 square feet and feature granite counter tops.
Nearby national retailers include Walgreens, Publix, and Walmart Supercenter. Additionally, Hard Rock Stadium and Seminole Hard Rock Casino are less than five miles away. Miramar is quite large in convenience and diversity. Known as a family-friendly suburb in south Florida, Miramar boasts quiet residential streets and unbeatable convenience. Not only is Miramar near sandy beaches, but it’s also proximal to bustling metropolises such as Fort Lauderdale and Miami.
Marcus & Millichap, Inc. (NYSE: MMI) 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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
