POMPANO BEACH, Fla, June 4, 2015 – Marcus & Millichap Real Estate Investment Brokerage Company, the nation’s largest real estate investment brokerage firm, has announced the sale of Flagler Apartments located in Pompano Beach, Fla, according to Gene A. Berman, SRVP/Managing Director of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $5,450,000. Senior Associate David Luther of the Ft. Lauderdale office had the exclusive listing to market the property on behalf of the seller, Roro Gardens, LLC. The buyer, South Flagler Group, LLC, was secured and represented by Senior Associates Demosthenes Mekras and Andrew Jordan and Sales Associate Alex Zylberglait of the Miami office.
Flagler Apartments is located at 1045 South Flagler Avenue. This property was built in 1985 and consists of four two-story walk-up, CBS constructed buildings. The unit mix is comprised of 40 two bedroom two bath apartments with screened patios, washer and dryer hook-ups, central air-conditioning, new appliances, carpet and tile. All 4 roofs have been replaced in the last couple of years and the pool has been refurbished in the last year and is under warranty.