Marcus & Millichap : Closes the Sale of a 39-Unit Apartment Building for ,235,000 in Largo, Florida

(MMI)   Report Marcus & Millichap Closes the Sale of a 39-Unit Apartment Building for $6,235,000 in Largo, Florida LARGO, Fla., Jan. 18, 2023 - Mar...

January 18, 2023
8:00 PM

(MMI)   Report Marcus & Millichap Closes the Sale of a 39-Unit Apartment Building for $6,235,000 in Largo, Florida LARGO, Fla., Jan. 18, 2023 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Breezy Palms, a 39-unit apartment complex located in Largo, Florida. The asset sold for $6,235,000. "This was an interesting sale where we secured 97.42% of our list price and 100% of the contract price, despite 200-basis points of federal funds rate increases and significant increases to insurance costs," said Sebastian Harris, senior associate.

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