Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, recently announced the sale of Timbercreek Townhomes and Villas, a 20-unit multifamily community in Royal Palm Beach, for $6.2 million.
“This rare opportunity involved the only rental building in Royal Palm Beach between 20 and 199 units,” said Evan P. Kristol, executive managing director of investments. “It is located directly across the street from Veterans Park and is walking distance to two A-rated schools, as well as having all three-bedroom apartments averaging 1,575 rentable square feet, makes it a coveted rental choice for families.”
Kristol and Brandon Rex, investment specialists in Marcus & Millichap’s Fort Lauderdale office, exclusively marketed the property on behalf of the seller, a private syndicator, and procured the buyer, a California investment group.
The property, located at 100 Sparrow Drive, consists of four one- and two-story buildings constructed in 1980 on a 2.5-acre site. Community amenities include a gated swimming pool, gazebo and landscaped grounds. Interior features include in-unit washers and dryers, granite countertops, large walk-in closets, and private patios or balconies.
Marcus & Millichap is a leading brokerage firm with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion in 2024. The company has 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate.
For additional information, visit www.marcusmillichap.com.
