Tuesday, March 28, 2017

Marcus & Millichap Brokers $1.5 Million Sale of Riverwood Lodge Assisted Living Facility in Fort White, FL

Krone Weidler
FORT WHITE, FL, March 28, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Riverwood Lodge Assisted Living Facility, a 8,586-square foot seniors housing property located in Fort White, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,500,000.

L.J. Tsunis, associate, and Krone Weidler, first vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.

“The buyer demand for new construction of seniors housing product remains strong. The developer was able to successfully exit the property while still in lease-up phase. As Florida's reputation continues to grow as the bellwether state for seniors, we expect investment to remain strong in all seniors housing assets," said Tsunis.

Riverwood Lodge Assisted Living Facility, a newly constructed assisted living facility, is located at 6873 Southwest U.S. Highway 27 in Fort White, Florida. The 8,586-square foot property consists of 20 guest rooms and assorted common areas situated on four contiguous parcels totaling approximately 2.59 acres. Additionally, the facility was most recently certified by the State of Florida for a maximum occupancy of 36 beds.

L.J. Tsunis
 For a complete copy of the company’s news release, please contact:

Ari Ravi
Regional Manager, Tampa
(813) 387-4700

Debi Stolberg
 Lead Certified Agent Support Specialist
Tampa, FL 33607
 (813) 387-4700 main
(813) 469-2206 mobile
(813) 387-4710 fax

  Follow us on:  http://www.facebook.com/pages/Marcus-Millichap/470840972970891 http://www.twitter.com/mmreis http://www.linkedin.com/company/marcus-&-millichap?trk=top_nav_home https://plus.google.com/b/107334265641161061486/107334265641161061486/op/iph#107334265641161061486/posts   NYSE: MMI

No comments: