Marcus & Millichap Inc.
02/02/2026 | Press release | Distributed by Public on 02/02/2026 16:40
Marcus & Millichap Brokers Central Broward County Multifamily Asset Sale
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Marcus & Millichap Brokers Central Broward County Multifamily Asset Sale
February 02, 2026
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SUNRISE, Fla., Feb. 2, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lakeside Villas, a 116-unit multifamily property located at 9404 NW 49th Place in Sunrise, Florida. The asset traded for $23 million, or $198,276 per unit.
"Lakeside Villas' low-density layout, ample green space and surface parking appeals to families and long-term renters," said Daniel Cunningham, senior managing director investments in Marcus & Millichap's Fort Lauderdale office. "The property's strong suburban South Florida location and proven rental demand provide the buyer with stability and scale," said Evan Richardson, senior director investments. Cunningham, Richardson, River Rhoads, Dillon Majeski, and Cory Sanchez of Marcus & Millichap, represented the seller, David Schwadron, and procured the buyer, Matthew Paul of MAP Communities.
The property is six miles west of Fort Lauderdale, near the Sawgrass Expressway, which connects residents with Interstate 75 and Interstate 595. Shopping, dining and entertainment are nearby at the Sawgrass Mills shopping mall and Amerant Bank Arena. The Everglades are a short drive west of the property and Keiser University and Nova Southeastern University are nearby.
Built in 1984 on 14 acres, Sunrise Villas consists entirely of two-bedroom/two-bathroom units that average 916 square feet. Apartments have washers and dryers, dishwashers, and breakfast nooks. Community amenities include a swimming pool and tennis court.
"Lakeside Villas' low-density layout, ample green space and surface parking appeals to families and long-term renters," said Daniel Cunningham, senior managing director investments in Marcus & Millichap's Fort Lauderdale office. "The property's strong suburban South Florida location and proven rental demand provide the buyer with stability and scale," said Evan Richardson, senior director investments. Cunningham, Richardson, River Rhoads, Dillon Majeski, and Cory Sanchez of Marcus & Millichap, represented the seller, David Schwadron, and procured the buyer, Matthew Paul of MAP Communities.
The property is six miles west of Fort Lauderdale, near the Sawgrass Expressway, which connects residents with Interstate 75 and Interstate 595. Shopping, dining and entertainment are nearby at the Sawgrass Mills shopping mall and Amerant Bank Arena. The Everglades are a short drive west of the property and Keiser University and Nova Southeastern University are nearby.
Built in 1984 on 14 acres, Sunrise Villas consists entirely of two-bedroom/two-bathroom units that average 916 square feet. Apartments have washers and dryers, dishwashers, and breakfast nooks. Community amenities include a swimming pool and tennis court.
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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, 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.
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