Marcus & Millichap Facilitates $6.2 Million Sale of Timbercreek Townhomes in Royal Palm Beach

Reuters

2025/05/23

Marcus & Millichap Facilitates $6.2 Million Sale of Timbercreek Townhomes in Royal Palm Beach

Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of Timbercreek Townhomes and Villas, a multifamily property located in Royal Palm Beach, Florida, for $6.2 million. Announced on May 21, 2025, the transaction involved a 20-unit community featuring three-bedroom apartments, averaging 1,575 rentable square feet each. The property, uniquely positioned as the only rental building in the city with 20 to 199 units, was purchased by a California-based buyer completing a 1031 exchange. Situated at 100 Sparrow Drive, the site boasts amenities such as a gated swimming pool and private patios. Evan P. Kristol and Brandon Rex from Marcus & Millichap's Fort Lauderdale office facilitated the sale.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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Announced on May 21, 2025, the transaction involved a 20-unit community featuring three-bedroom apartments, averaging 1,575 rentable square feet each. The property, uniquely positioned as the only rental building in the city with 20 to 199 units, was purchased by a California-based buyer completing a 1031 exchange. Situated at 100 Sparrow Drive, the site boasts amenities such as a gated swimming pool and private patios. Evan P. Kristol and Brandon Rex from Marcus &amp; Millichap's Fort Lauderdale office facilitated the sale.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus &amp; Millichap Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4079","symbol_name":"房地产服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250522:nNDLbRT1Nq:1","article_id":"2537203109","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537203109","pubTimestamp":1747949009,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully arranged the sale of Timbercreek Townhomes and Villas, a multifamily property located in Royal Palm Beach, Florida, for $6.2 million. 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Announced on May 21, 2025, the transaction involved a 20-unit community featuring three-bedroom apartments, averaging 1,575 rentable square feet each. The property, uniquely positioned as the only rental building in the city with 20 to 199 units, was purchased by a California-based buyer completing a 1031 exchange. Situated at 100 Sparrow Drive, the site boasts amenities such as a gated swimming pool and private patios. Evan P. Kristol and Brandon Rex from Marcus & Millichap's Fort Lauderdale office facilitated the sale.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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