Marcus & Millichap Brokers Sell Cape Coral Multifamily Asset For $7.8M

The multifamily property located at 2904 Tuscan Drive in Cape Coral was recently sold. The transaction took place on 12/16/2020 and was facilitated by Evan Kristol, Adam Podbelski, Jason Hague, and Ned Roberts of Marcus & Millichap. The property consists of 75 units and was sold for a price of $7,800,000, resulting in a per unit price of $104,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Units: 75
• Per Unit Price: $104,000
• Date: 12/16/2020
• Address: 2904 Tuscan Drive, Cape Coral
• Market: Cape Coral
• Brokers: Evan Kristol, Adam Podbelski, Jason Hague, and Ned Roberts - Marcus & Millichap

The brokers from Marcus & Millichap played a significant role in facilitating the sale of this multifamily property. Their expertise and negotiation skills were instrumental in finalizing the deal. This transaction highlights their ability to successfully handle complex real estate transactions in the Cape Coral market.