Family partnership sells South Florida units

Multifamily complex full of amenities

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 St. Andrews at Miramar, a 332-unit apartment community in Miramar, Fla. The value of the transaction was $50 million. A family partnership from New York sold the property to a local private investor. Built in 1997, St. Andrews at Miramar is located at 12100 St. Andrews Drive. The apartment community consists of 108 one-bedroom/one-bath units, 176 two-bedroom/two-bath units and 48 three-bedroom/two-bath units. Some of the units are townhomes. Amenities include two lakes on the grounds and another bordering the property's east side, a lakefront pool, fitness center, indoor racquetball courts, carports, two tennis courts, party room, clubhouse, and private patios or balconies for each unit. 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....