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Shahar Nissan Acquires Multifamily Property In Venice For $4.07M

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SOLD
$4,070,000

Florida

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MultiFamily11,970 SF
Sold 10/17/2023
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Property Image
SOLD

Shahar Nissan Acquires Multifamily Property In Venice For $4.07M

512 Armada Road South

See Similar Deals
MultiFamily11,970 SF
Sold 10/17/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:11,970 SF
Transaction Type:Sale

An apartment building located at 512 Armada Road South in Venice has been sold in a recent transaction. The multifamily property, consisting of 21 units with a total of 11,970 square feet, was sold for a price of $4,070,000. This equates to a price per unit of $193,810 and a price per square foot of $340.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,070,000
  • Units: 21
  • Price per Unit: $193,810
  • Square Footage: 11,970
  • Price per Square Foot: $340
  • Address: 512 Armada Road South, Venice

The buyer in this transaction was Shahar Nissan, while the seller was Axel Dechevron. The deal was facilitated by brokers Alec Neu, Matthew Prozzillo, and Benjamin Skinner, who represented the parties involved in the transaction. Alec Neu, Matthew Prozzillo, and Benjamin Skinner are brokers from Marcus & Millichap.

Players

Matthew (Matt) Prozzillo
14 deals$71.9M volume
BROKER

Ben Skinner
Marcus & Millichap
13 deals$71.9M volume(407) 557-3889
BROKER

Alec Neu
Marcus & Millichap
1 deal$4.1M volume(407) 557-3860
BROKER

Details

SOLD
IMAGE: Benjamin Skinner, Alec Neu & Matthew Prozzillo DATE: 10/17/2023 ADDRESS: 512 Armada Road South MARKET: Venice ASSET TYPE: Multifamily BUYER: Shahar Nissan SELLER: Axel Dechevron BROKERS: Alec Neu (@AlecNeu_), Matthew Prozzillo @MattProzzillo & Benjamin Skinner - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $4,070,000 UNITS: 21 ~ PPU: $193,810 SF: 11,970 ~ PPSF: $340

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