Thursday, September 27, 2012

Marcus & Millichap Announces Sale of Arlington Square in Deland, FL for $780,000

 DELAND, FL, Sept. 27, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Arlington Square (top left photo), a 34-unit apartment property located in Deland, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. 

The asset commanded a sales price of $780,000.

Michael Donaldson (lower right photo), a senior associate and multifamily specialist in Marcus & Millichap’s Tampa office represented the buyer, a private investor based in Aventura, Florida.

Arlington Square was built in 1971 and is located at 302 South Spring Garden Avenue.  The property consists of three concrete block buildings with pitched composition shingle roofs resting on 1.47 acres.  Amenities at the property include a swimming pool, electric stoves, dishwashers and a laundry facility.

Press Contact:

Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700

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