Marcus & Millichap Inc.
08/18/2026 | Press release | Archived content
Marcus & Millichap Brokers $19.25M Sale of Multifamily Property in Fort Lauderdale Suburb
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Marcus & Millichap Brokers $19.25M Sale of Multifamily Property in Fort Lauderdale Suburb
August 18, 2026
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LAUDERDALE LAKES, Fla., Aug. 18, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tahiti Gardens, a multifamily property in Lauderdale Lakes, Florida. The asset sold for $19.25 million.
"Despite a more selective investment environment, there remains significant demand for quality multifamily assets with scale," said Daniel Cunningham, senior managing director investments in Marcus & Millichap's Fort Lauderdale office. "This transaction is a great example of how the right property, positioned correctly and marketed strategically, can generate meaningful interest from qualified investors."
Cunningham, Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap exclusively marketed the property on behalf of the seller, KPC Properties.
"Selling an 112-unit multifamily property requires a clear understanding of the buyer pool and the fundamentals driving investor demand," Cunningham added. "By positioning Tahiti Gardens around its scale, location and long-term demand drivers, we were proud to deliver a $19.25 million outcome for our client."
The property spans two contiguous buildings at 3400 and 3460 NW 50 Ave., situated on a 3.5-acre site. The buildings total 38,247 square feet and 38,621 square feet, respectively, and each contains 56 units. Both buildings were constructed in 1971 and feature flat mansard roofs and central air conditioning. The unit mix consists of 60 one-bedroom, one-bathroom units; 47 two-bedroom, one-bathroom units; four two-bedroom, two-bathroom units; and a leasing office. The property also includes an on-site swimming pool and playground.
Tahiti Gardens is close to Oakland Park Boulevard, University Drive, and Florida's Turnpike. The surrounding area includes retail, dining, grocery stores and healthcare services, with nearby access to Lauderhill, Plantation, and Sunrise commercial corridors.
"Despite a more selective investment environment, there remains significant demand for quality multifamily assets with scale," said Daniel Cunningham, senior managing director investments in Marcus & Millichap's Fort Lauderdale office. "This transaction is a great example of how the right property, positioned correctly and marketed strategically, can generate meaningful interest from qualified investors."
Cunningham, Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap exclusively marketed the property on behalf of the seller, KPC Properties.
"Selling an 112-unit multifamily property requires a clear understanding of the buyer pool and the fundamentals driving investor demand," Cunningham added. "By positioning Tahiti Gardens around its scale, location and long-term demand drivers, we were proud to deliver a $19.25 million outcome for our client."
The property spans two contiguous buildings at 3400 and 3460 NW 50 Ave., situated on a 3.5-acre site. The buildings total 38,247 square feet and 38,621 square feet, respectively, and each contains 56 units. Both buildings were constructed in 1971 and feature flat mansard roofs and central air conditioning. The unit mix consists of 60 one-bedroom, one-bathroom units; 47 two-bedroom, one-bathroom units; four two-bedroom, two-bathroom units; and a leasing office. The property also includes an on-site swimming pool and playground.
Tahiti Gardens is close to Oakland Park Boulevard, University Drive, and Florida's Turnpike. The surrounding area includes retail, dining, grocery stores and healthcare services, with nearby access to Lauderhill, Plantation, and Sunrise commercial corridors.
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About Marcus & Millichap, Inc. (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, 2025, the company had 1,808 investment sales and financing professionals in over 80 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 21, 2026 at 22:35 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]