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The Real Deal Miami

Marcus & Millichap brokers sale of two Broward County apartment buildings

March 06, 2012 12:45PM

The Andrews in Wilton Manors

Marcus & Millichap has brokered the sales of two apartment buildings in Broward County, the firm announced today. The 25-unit Andrews apartment building in Wilton Manors has been sold for $2 million, and the Granada Hall complex in Fort Lauderdale has been sold for $1.15 million, according to Gregory Matus, vice president and regional manager of the firm’s Fort Lauderdale office. “We had multiple offers on both assets, which resulted in Granada Hall selling for slightly above the asking price on an all-cash basis and the Andrews selling near the asking price with attractive new bank financing.” The Andrews is located at 2520 North Andrews Avenue in Wilton Manors and Granada Hall is located at 3000 Granada Street in Fort Lauderdale. — Alexander Britell