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 a 9-unit apartment property located at 40 Antilla Avenue Coral Gables, FL 33134. According to Scott Lunine, Regional Manager of the firm’s Miami office.

The asset sold for $2,150,000 / $238,888 Per Unit, 100% Occupied, Built in 1959. The unit mix is comprised of One 2 bedroom /1 bath unit, Six 1 bedroom/ 1 bath units and Two Studio units.

Landy Toledo / First Vice President Investments at Marcus & Millichap’s Miami office had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer a limited liability company, was secured and represented by Landy Toledo, as well.

Toledo has facilitated the sale of 47 apartment buildings in Coral Gables in the past 6 years.

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