Thursday, August 14, 2008

Marcus and Millichap Sells 2,240-SF Assisted Living Care Property

BROOKLSVILLE, FL, Aug. 14, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Roseland Retirement Home (top right photo) located in Brooksville, Florida, according to Steven M. Ekovich, First Vice President/Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $265,000. Damien Carriero had the exclusive listing to market the property on behalf of the seller, Frank Furino.

The buyer, Steven Cole, was secured and also represented by Damien Carriero, (middle left photo) an investment specialist in Marcus & Millichap’s Tampa office.

The facility was built in 1960 and situated on +/- 5.5 acres. The living area is approximately 2,240-square feet and is made up of nine total rooms and three full bathrooms. The new owners can expand to an additional 31 beds for a total of 43 beds.

Press Contact:s:

Steven M. Ekovich, First Vice President/Regional Manager, Tampa, (813) 387-4700
Sue Sampson, Marcus & Millichap, 7650 Courtney Campbell Causeway, Suite 920, Tampa, FL. 33607. Phone: (813) 387-4700. Fax: (813) 387-4710

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