Marcus & Millichap Inc.
10/01/2025 | Press release | Archived content
Marcus & Millichap Arranges $9.9 Million Sale of Multifamily Community in Ocala, Florida
Press Releases
Marcus & Millichap Arranges $9.9 Million Sale of Multifamily Community in Ocala, Florida
October 01, 2025
LinkedIn Email App
OCALA, Fla., Oct. 1, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $9.9 million sale of Village Square Apartments, a 68-unit multifamily community in Ocala, Florida.
"The RPH Multifamily team's domination of the Marion County market continues with the closing of Village Square," said Jason Hague, managing director investments in Marcus & Millichap's Tampa office. "Our track record, combined with our exhaustive marketing approach, ensured our client received top dollar for his property, ultimately closing at the second-highest price per unit ever achieved in Ocala for a multifamily property between five and 100 units."
Hague, along with Ned Roberts, managing director investments, represented the seller and procured the buyer.
Built in 1974, Village Square Apartments is located at 1715 Northeast 36th Ave. on a 5.3-acre site comprising eight two-story buildings. The community consists of one- and two-bedroom apartments, with the average unit size exceeding 1,000 square feet. Amenities include on-site laundry facilities, a swimming pool, and private patios or balconies for every unit.
Recent improvements include updated kitchens and bathrooms in a significant portion of the apartments, new roofs on every building, cosmetic repairs, and landscaping upgrades. The property is near major employers, schools, and retail centers, and offers residents convenient access to Interstate 75 and downtown Ocala.
"The RPH Multifamily team's domination of the Marion County market continues with the closing of Village Square," said Jason Hague, managing director investments in Marcus & Millichap's Tampa office. "Our track record, combined with our exhaustive marketing approach, ensured our client received top dollar for his property, ultimately closing at the second-highest price per unit ever achieved in Ocala for a multifamily property between five and 100 units."
Hague, along with Ned Roberts, managing director investments, represented the seller and procured the buyer.
Built in 1974, Village Square Apartments is located at 1715 Northeast 36th Ave. on a 5.3-acre site comprising eight two-story buildings. The community consists of one- and two-bedroom apartments, with the average unit size exceeding 1,000 square feet. Amenities include on-site laundry facilities, a swimming pool, and private patios or balconies for every unit.
Recent improvements include updated kitchens and bathrooms in a significant portion of the apartments, new roofs on every building, cosmetic repairs, and landscaping upgrades. The property is near major employers, schools, and retail centers, and offers residents convenient access to Interstate 75 and downtown Ocala.
# # #
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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 06, 2025 at 19:40 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]