Wednesday, August 9, 2017

Marcus & Millichap Arranges $925,000 Sale of Dunedin, FL Apartment Property

Michael Donaldson
DUNEDIN, FL, Aug. 9, 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 885 Beltrees Street, a 16-unit apartment property located in Dunedin, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $925,000.

Jason Hague, Michael Donaldson and Nicholas Meoli, investment specialists 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 secured and represented by the three brokers.

“Beltrees Apartments was an off market transaction that we closed with a cash buyer,” stated Hague.  “The buyer owned assets in the immediate area and found this property to be particularly interesting due to the location.  The property did have some deferred maintenance issues which we were able to overcome and got the buyer to close in just over 30 days from the executed contract,” added Hague.

The Property is located at 885 Beltrees Street in Dunedin, Florida.

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

Ari Ravi
Regional Manager, Tampa

(813) 387-4700  

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