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SARASOTA, Fla., Feb. 21, 2018 – 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 Summerplace at Sarasota, a 14.02-acre parcel of land
located in Sarasota, Florida, according to Ari Ravi, regional manager of
the firm’s Tampa office. The asset sold for $2,365,000.
Krone
Weidler and L.J. Tsunis,
investment specialists in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller, a financial
institution. The buyer, a limited liability company, was secured and
represented by Weidler Tsunis.
“Through our comprehensive search, our team was able to maximize proceeds for the seller, and achieve a quick closing. The buyer plans to do an addition to a large senior housing complex,” says Mr. Tsunis
“Through our comprehensive search, our team was able to maximize proceeds for the seller, and achieve a quick closing. The buyer plans to do an addition to a large senior housing complex,” says Mr. Tsunis
Summerplace at Sarasota is located in
Sarasota, Florida, just one-half mile west of Interstate 75 and less than a
mile south of Clark Road. The current zoning is Residential Multiple Family
Category 1 (RMF-1) which allows a desirable variety of housing types with six
units per acre density and auxiliary buildings for residential development.
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| L.J. Tsunis |
Known for small-town living, beaches and
resorts, the Sarasota metro is a major draw for tourists and retirees. Roughly
thirty percent of the population is age 65 and older, supporting a large
network of healthcare providers and contributing to jobs in this sector. Goods and
services also benefit from the demographic trends; the sector makes up a large
portion of the local workforce.
The metro encompasses all of Manatee and
Sarasota counties. The city of Sarasota is 60 miles south of Tampa. Summerplace
at Sarasota is located at 5710 Draw Lane in Sarasota, Florida.
For more information, please contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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