Tuesday, September 27, 2016

Marcus & Millichap Arranges $4.35 Million Sale of 42-Unit Tampa Commons Apartments in Tampa, FL

Evan Kristol
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 Tampa Commons, a 42-unit apartment property located in Tampa, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $4,352,500 equating to $103,630 per unit.

“The property offers a competitive advantage by providing newly-constructed three-story townhomes with the largest floorplans in the submarket.  

Apartments features hardwood flooring, fully equipped kitchens with attractive stainless steel appliances, private balconies, garden-style tubs, washer/dryers in each unit, and private two-car garages,” says Evan Kristol, senior vice president investments, in Marcus & Millichap’s Fort Lauderdale office

Kristol, along with Brandon J. Rex, vice president investments, in Marcus & Millichap’s Fort Lauderdale office, along with Nicholas Meoli and Michael Donaldson, vice presidents investments, in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Boca Raton, FL and the buyer, a partnership from Montreal, Canada.

Brandon J. Rex
Built in 2008 and 2009, Tampa Commons is situated on an approximately 1.83 acre site, and is comprised of six, three-story masonry-constructed buildings.  

The unit mix is comprised of 20 three-bedroom/three-and-one-half bathroom townhomes, 12 three-bedroom/three-and-one half bathroom townhomes, and 10 four bedroom/three-and-one-half-bathroom townhomes.

Tampa Commons is situated on North 58th Street, between East Fletcher Avenue and East Fowler Avenue. East Fletcher and East Fowler Avenues are both major east/west area thoroughfares, providing access within minutes to Interstate-275 to the west, and Interstate-75 to the east.  

The property is located at 5718 Las Ventanas Drive in Tampa, FL.

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

  Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400

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