Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has been exclusively selected to present 840-850 West Dania Beach Boulevard, consisting of 12 units and a 4,213 square foot office building, sitting on 2.09 acres of land, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset is listed for $2,550,000.
Arthur D. Porosoff, David M. Cohen, and Jordan Kotlar, multifamily specialists in the firm’s Miami office, have the exclusive listing to market the property on behalf of the seller, a private investor.
840-850 West Dania Beach Boulevard is located in Dania Beach, Florida, just north of Sterling Road and west of Federal Highway. The multifamily building was built in 1984 and comprises twelve one-bedroom, one-bathroom apartments and has 8,510 square feet of rentable building area. The office building was built in 1984 and has 4,213 square feet of rentable building area. These two parcels combine to be 91,342 square feet of land. The asset is zoned Neighborhood Residential (NBHD-RES), allowing a new investor to build up to 75 units.
The property is strategically located, with the Fort Lauderdale Airport and Port Everglades less than three miles away, and the new 102-acre Dania Pointe Mixed Use Development less than one mile away. 840-850 West Dania Beach Boulevard is located within the Economic Opportunity Zone, providing preferential tax treatment to a new investor.
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
