50-Year-Old Apartment Property In Rockledge Fetches $6.25 Million
Rockledge Villas. The six-acre property at 1525 South Fiske Boulevard in Rockledge was built in 1965 along the northeast corner of the Rockledge Golf Course and Country Club.
Echarte held the exclusive listing for Rockledge Villas together with Evan Kristol, executive managing director investments in Marcus & Millichap’s Fort Lauderdale office. Rents at the apartment property are “approximately $50 below market,” Kristol said in a prepared statement. Kristol and Echarte represented the private investor who sold Rockledge Villas and procured the buyer, also a private investor. Source: The Real DealThe buyer “was in a 1031 exchange from a property they sold in the Tampa area,” Felipe Echarte, first vice president investments in the Fort Lauderdale office of brokerage firm Marcus & Millichap, said in a prepared statement.
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