Monday, August 1, 2016

Marcus & Millichap Handles $8.55 Million Sale of 78-Unit Oasis at Naples Apartment Communitiy in Naples, FL

Michael Donaldson
NAPLES, 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 Oasis at Naples, a 78-unit apartment property located in Naples, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $8,550,000.

Nicholas Meoli and Michael Donaldson, both vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was also represented by the two brokers.

Oasis at Naples is a garden-style condominium community located at 2110 Arbour Walk Circle in Naples, Florida.  The sale included 78 out of 188 condominium units built in 1992.

The unit mix consists of 11, one-bedroom/one-bathroom units with 648 rentable square feet, six, one-bedroom/one-bathroom units with 760 rentable square feet, 48, two-bedroom/two-bathroom units with 918 rentable square feet, nine, two-bedroom/two-bathroom units with 989 rentable square feet and four, two-bedroom/two-bathroom units with 1,022 rentable square feet.

The condominiums have fully equipped kitchens including stainless steel appliances, dishwashers, garbage disposals, raised panel cabinet doors and formica countertops. 

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
First Vice President / Regional Manager
Tampa, FL

(813) 387-4700

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