The waterfront Le Cercle Apartments, located on the Intracoastal Waterway, contains 91 two-bedroom/one-bath units. The sale includes an eight-story, 77,850-sf apartment complex and a single-family, waterfront home. The apartments were built in 1966 and renovated between 1998 and 2002. The property has a long history of above-market occupancy levels and rents.
Evan Kristol, a senior investment associate in Marcus & Millichap Real Estate Investment Brokerage Co.'s local office, represented Mauka, Med. LLC in the transaction. Kristol and Daniel Draizin, also of Marcus & Millichap's local office, represented DSI at Le Cercle LLC.
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