WINTER HAVEN, FL, Mar. 6, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of West Place Apartments, (top right photo) a 69,540 square foot apartment complex located in Winter Haven, Florida, according to Bryn Merrey,(bottom right photo) Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $3,100,000. Michael P. Regan, (middle left photo) an Investment Specialist in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller. The buyer, a private investor, was also secured by Regan. 
West Place Apartments is located at 3137 Woodhill Road in Winter Haven, Florida.
“West Place Apartments is an example of the basic concepts of investment real estate. This opportunity involved a quality asset with strong returns based on current numbers, great upside potential and a defined exit strategy.
"This transaction is indicative of where we have seen the market settle since the days of the ‘conversion era.’” states Regan.
Press Contact: Bryn Merrey, Regional Manager, Tampa, (813) 387-4700.
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