ORLANDO, FLA., July 21, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Scot’s Arms (top left photo), a 14-unit apartment complex located in Orlando, Fla., according to Bryn Merrey, Vice President/Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $400,000.
George Pjevach, investment specialist in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a developer. Michael Donaldson (bottom right photo), a multifamily specialist in the firm’s Tampa office, secured the buyer, a foreign investor.
Scot’s Arms is located at 11600 Mendel Drive, across from the University of Central Florida, the nation’s second largest university. Built in 1973 and recently renovated, the apartment complex is comprised of 14 units; 12 one-bedroom and 2 two-bedroom units.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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