Marcus & Millichap Inc.
03/16/2026 | Press release | Archived content
Marcus & Millichap Brokers $16.5M Sale of 120-Unit Multifamily Portfolio in Pompano Beach
Press Releases
Marcus & Millichap Brokers $16.5M Sale of 120-Unit Multifamily Portfolio in Pompano Beach
March 16, 2026
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POMPANO BEACH, Fla., Mar. 16, 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 Pompano Gardens, a 120-unit multifamily portfolio in Pompano Beach. The portfolio sold for $16.5 million, or $137,500 per unit.
"The off-market sale of Pompano Gardens demonstrates our ability to source unique opportunities and structure creative seller financing that aligned the interests of both the buyer and seller while capitalizing on the continued revitalization taking place in downtown Pompano Beach," said Daniel Cunningham, Senior Managing Director Investments. "Investor demand for well-located Class C multifamily communities like Pompano Gardens remains strong as the city continues to attract new development, businesses and residents."
Cunningham, along with Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap's Fort Lauderdale office represented both the seller, Kilmair Properties, Inc., and the buyer, Meir Cohen.
Pompano Gardens comprises eight buildings across seven parcels totaling 56,616 rentable square feet on 3.74 acres along Northwest 6th and 7th avenues in Pompano Beach. Built between 1959 and 1983, the portfolio includes 84 one-bedroom and 36 two-bedroom units and is located north of Atlantic Boulevard between Dixie Highway and Interstate 95, a few blocks from the downtown redevelopment district and a few miles west of the Pompano Beach Pier redevelopment district.
"The off-market sale of Pompano Gardens demonstrates our ability to source unique opportunities and structure creative seller financing that aligned the interests of both the buyer and seller while capitalizing on the continued revitalization taking place in downtown Pompano Beach," said Daniel Cunningham, Senior Managing Director Investments. "Investor demand for well-located Class C multifamily communities like Pompano Gardens remains strong as the city continues to attract new development, businesses and residents."
Cunningham, along with Evan Richardson, River Rhoads, Dillon Majeski and Cory Sanchez of Marcus & Millichap's Fort Lauderdale office represented both the seller, Kilmair Properties, Inc., and the buyer, Meir Cohen.
Pompano Gardens comprises eight buildings across seven parcels totaling 56,616 rentable square feet on 3.74 acres along Northwest 6th and 7th avenues in Pompano Beach. Built between 1959 and 1983, the portfolio includes 84 one-bedroom and 36 two-bedroom units and is located north of Atlantic Boulevard between Dixie Highway and Interstate 95, a few blocks from the downtown redevelopment district and a few miles west of the Pompano Beach Pier redevelopment district.
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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 https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on March 16, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 25, 2026 at 21:23 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]