Melbourne townhome community sells for $6.15M

A 176-unit townhome community in Melbourne has been sold for $6.15 million, according to Marcus & Millichap, which brokered the transaction on behalf of the seller, a limited liability company from Fort Lauderdale. Evan Kristol, senior vice president, and Still Hunter, III in Marcus & Millichap’s Fort Lauderdale office, along with senior associate Michael Donaldson in Tampa, had the exclusive listing in the property. The buyer, a limited liability company from Cocoa Beach, was also handled by the Marcus & Millichap team. The property is located on a 7.15-acre lot at 325 E University Boulevard in Melbourne. — Alexander Britell