 |
| Joshua Teplitzky |
TAMPA, FL –
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 Vista Gardens
Apartments, a 20-unit apartment property at 3809 West Iowa Avenue in Tampa,
Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.
The asset sold for $1,650,000.
Joshua Teplitzky, Francesco P. Carriera and Michael P. Regan, investment specialists
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 also
secured and represented by the three brokers.
“Vista
Gardens represents a transaction sold by our team twice within eleven calendar
months,” says Teplitzky.
“In a combined effort of working with the owner and
putting a business plan in place, we increased the value of the underlying
asset by 58% within a very short time frame,” added Teplitzky.
“The buyer
acquired the property at the list price and increased his holdings within the
Port Tampa submarket to over 100 units in addition with another property we
sold him earlier this year,” concluded Teplitzky.
For a complete copy of the company’s
news release, please contact:
Ari Ravi
Regional
Manager, Tampa
(813)
387-4700
No comments:
Post a Comment