Marcus & Millichap completed the sale of the 245-unit Hawaiian Palms Apartments in Lauderdale Lakes, Fla.

The value of the transaction was $15.5 million.

Massachusetts-based Sawyer Realty Holdings sold the property to Fla.-based Glendale Properties and Investment Inc.

Hawaiian Palms Apartments is located at 3540 N.W. 50th Ave. The sale includes 245,000 rentable square feet on approximately 12 acres. The community was constructed between 1986 and 1987 and has a unit mix composed entirely of two-bedroom units, each with 1,000 rentable square feet.

Sawyer recently refurbished the property, which includes a clubhouse, leasing office, fitness center, pool and spa, and central air-conditioning.

At the time of sale, occupancy was 93 percent.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Black Friday starts now! We've got great deals on Inman Connect New York in-person and virtual tickets. Register now×
Cyber Week Sale: Get 1 year of Inman Select for $75.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription