Marcus & Millichap : Brokers the Sale of a Beachfront Vacation Rental in Deerfield Beach For $5.4M
The Beachwalk Vacation Rentals features 20 units, with nine efficiencies, three studios, seven one-bedroom/one-bathroom units, and one (1) two-bedroom/one-bathroom unit.
“Through a combination of our marketing process and the property’s excellent location, we were able to secure a buyer and close at the full listed price,” said Daniel Cunningham, first vice president investments.
“Beachwalk Vacation Rentals was a clear example of the increased demand we are seeing from buyers that want to own and operate vacation/seasonal rental properties in quality locations,” added Evan Richardson, first vice president investments.
Cunningham, Richardson, Dillon Majeski, and River Rhoads, investment specialists in Marcus and Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, Multicow, LLC. The buyer, 2332 Walton Realty Inc., was also procured by Cunningham, Richardson, Majeski, and Rhoads. The financing was secured by MMCC’s David Purisch, first vice president, and Steven Goldwyn, first vice president, based out of the Ft. Lauderdale office.
Built in 1969, the 10,003-square-foot property is situated on a 19,828-square-foot lot. Located less than one block from the ocean, property amenities include a swimming pool and sundeck, updated flooring, stainless steel appliances, and granite and quartz countertops.
Beachwalk Vacation Rentals is located at 460 SE 20th Avenue in Deerfield Beach, Florida. The asset sits directly on South Ocean Boulevard, just one-quarter mile south of East Hillsboro Boulevard, with easy access to the Deerfield Beach fishing pier across the street.
# # #
About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.