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| Michael P. Regan |
TALLAHASSEE, FL – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced the sale of Tanglewood Apartments,
a 112-unit multifamily community located in Tallahassee, Florida, according to
Richard D. Matricaria, regional manager of the firm’s Tampa office.
The $5,250,000 sales price equates to $46,875 per unit.
Michael P. Regan and Francesco P. Carriera, vice
presidents investments in Marcus & Millichap’s Tampa office, represented
both parties in the transaction.
Tanglewood Apartments were built in 1974 and are situated on
approximately 8.87 acres of land at 1600 Pullen Road in Tallahassee,
Florida.
The property consists of 15 two-story residential buildings
and an additional one-story building that serves as a leasing office, clubhouse
and fitness center.
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| Francesco P. Carriera |
The residential buildings are a mix of one and
two-bedroom/two bath units with central heating and air-conditioning.
Amenities
of the property include stackable washer and dryer appliances in all units,
fitness center, car care center, dog walk area, clubhouse with a full kitchen,
business center, billiards room and a sparkling swimming pool.
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
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