Monday, March 10, 2008

Marcus & Millichap Announces Sale of Seminole Apartments in Daytona Beach

DAYTONA BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, is pleased to announce the sale of Seminole Apartments, (photo top right) a property with 10,000 rentable square feet, according to Greg Matus, Regional Manager of the firm’s Orlando office.

This 12-unit multi-family asset commanded a sales price of $455,000. Orlando Sales Agents Michael Donaldson, Patrick Skinner and Kevin Yaryan had the exclusive listing to market the property on behalf of the seller, as well as securing the buyer.

The property, located on 1370 South Palmetto Avenue in Daytona Beach, FL (skyline photo at right), was built in 1984 and has concrete block construction with pitched composition shingle roofs that were replaced roughly three years ago. The purchase of this investment opportunity offers the buyer significant cash flow and appreciation in the years to come.
Press Contact:
Greg Matus
(407) 557-3800

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