Tuesday, October 6, 2015

The 144-Unit Imperial Village Apartments in Seminole, FL Sold in $8.15 Million Deal Handled by Marcus & Millichap

Imperial Village Apartments, 9790 Hamlin Boulevard,
Seminole, FL

SEMINOLE, 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 Imperial Village Apartments, a 144-unit multifamily community located in Seminole, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $8,150,000.

Michael P. Regan and Francesco P. Carriera, both vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Carriera and Regan. 

Imperial Village Apartments is located at 9790 Hamlin Boulevard in Seminole, Florida. 

The property consists of 12 two-story residential buildings and a one-story building that serves as the clubhouse and leasing office. 

The residential buildings are comprised of 96 one-bedroom/one-bathroom units ranging from 685 to 710 rentable square feet and 48 two-bedroom/two-bathroom units with 978 rentable square feet.

All units have central heating and air-conditioning, and the buildings sits on a 6.85 acre parcel. Amenities include an on-site laundry facility, shuffleboard court, clubhouse and a 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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