Florida apartment complex changes hands

Property comprises more than 240,000 square feet

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Marcus & Millichap brokered the sale of the 275-unit San Marco Apartments in Miami, Fla. The value of the transaction was $28.6 million. San Marco Apartments is located at 8842 Fontainebleau Blvd. The property, constructed in 1971, includes 243,320 rentable square feet with a unit mix comprised of 99 one-bedroom and 176 two-bedroom apartments. The units range in size from 680 square feet to 1,000 square feet. A Miami-based entity purchased the property from a West Palm Beach-based limited partnership. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....