MARCUS & MILLICHAP FACILITATES SALE OF POUSADA SUITES MOTEL IN HOLLYWOOD FOR $1.3 MILLION
HOLLYWOOD, FL, June 3, 2015 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Pousada Suites Motel, a 17-room motel in Hollywood, Fla, according to Kirk Felici, Vice President/Regional Manager of the Miami office. The property commanded a sales price of $1,300,000.
Vice President Investments Alex Zylberglait and Associate Ahmed Kabani of the Miami office represented the seller of the property, a bank in Coconut Grove, Fla. The investment sales associates also secured the buyer of the property, a limited liability company from Hollywood, Fla.
The approximately 7,800-square feet motel is comprised of three buildings, two small one-story structures and one two-story structure. The property operates as an extended stay motel that rents rooms daily, weekly and monthly. Pousada Suites Motel is located at 2901 North Ocean Drive in Hollywood, Fla.