Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Villa La Pinta Apartments, a 29-unit apartment property located in Miami, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $3,975,000.

Alex D. Zylberglait and Javier A. Ubeda, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Argentina.

Villa La Pinta Apartments is located at 501 SW 6th Court in Miami, FL. The building is 100% occupied and minutes away from the Brickell area. Recent major renovations have been completed and there is currently a transient license in place which allows for short term rentals.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 over 9,000 transactions in 2017 with a value of approximately $42.2 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