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 Indigo Palms, a 57-unit apartment property located in West Palm Beach, Florida, according to Ryan Nee, first vice president and district manager of the firm’s Fort Lauderdale office. The asset sold for $5,800,000.
Daniel J. Cunningham and Evan Richardson, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“Other brokerage firms previously marketed Indigo Palms Villas for nearly two years as an ‘off-market’ deal. Once our team secured the exclusive listing to market the property, our process brought multiple written offers,” said Richardson. “We were able to find the right buyer willing to pay the list price and work through the seller’s existing lender
The six garden-style apartment buildings are comprised of 29 studios,
Indigo Palms Villas is located at
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com
