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Marcus & Millichap brokers sale of multifamily portfolio in Pompano Beach
Marcus & Millichap successfully brokered the off-market sale of Pompano Gardens, a 120-unit apartment portfolio in Pompano Beach, for $16.5 million, or $137,500 per unit. The deal involved creative seller financing and highlights strong investor demand for well-located Class C multifamily communities in the revitalized downtown area. The property, built between 1959 and 1983, comprises eight buildings with a mix of one and two-bedroom units, strategically located near the downtown redevelopment district.