Sunday, December 7, 2014

Marcus & Millichap Arranges Sale of Annie Apartments in Tampa, FL for $1 Million

  
Annie Apartments, 902 East Annie Street, Tampa, FL
TAMPA, 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 Annie Apartments, a 36-unit garden-style apartment property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,020,000.

Jason Hague, investment associate, Michael Donaldson, vice president investments, and Nicholas Meoli, senior investment associate all in Marcus & Millichap’s Tampa office, represented both parties in the transaction.

Michael Donaldson
Annie Apartments is located at 902 East Annie Street in Tampa, Fla.  Built in 1983, the complex is situated on approximately a one-acre lot consisting of nine, two-story buildings constructed of concrete block.  The community is comprised of all two-bedroom/one-bathroom units which are approximately 850 rentable square feet. 

Amenities of the property include private patios or porches, central air conditioning and washer and dryer connections in all the units.  The roofs were also replaced on every building around two years ago.

           “By emphasizing the major upside potential of this property, our team was able to bring ten offers to the seller from a multitude of different local and out of area buyers,” said Hague.  “The seller decided to move forward with an all cash investor from South Florida who was able to close within 30 days of the contract date.”   
  
 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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