Sunday, July 8, 2018

Marcus & Millichap Arranges Sale of 48-Unit Apartment Building in Tampa, FL



Paul Nudelman
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 Moorland Village, a 48-unit apartment property located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $4,050,000.

Investment specialists, Nicholas Meoli, Michael Donaldson and Ned Roberts, in Marcus & Millichap’s Tampa office with Paul D. Nudelman, in the firm’s Miami 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 secured and represented by Nudelman.

Nicholas Meoli
“Our nationwide marketing campaign highlighted the property’s sought-after location and tremendous value-add opportunity, generating substantial investor demand.  Less than three weeks after launching the listing we put the property under contract with a buyer we identified, at 96.4 percent of the list price,” said Roberts.
“We actively managed the under-contract period, which included assumption of the seller’s existing debt and successfully closed the deal at the contract price,” added Donaldson.
Moorland Village on a major thoroughfare South Dale Mabry Highway with 34,000 vehicles driving by daily and minutes from MacDill Air Force Base, the Selmon Expressway and major employers in Downtown Tampa. Moorland Village is located at 3729 West Tyson Avenue in Tampa, Florida.
  
 For more information, please contact:

Crystal Marino
Brokerage Administrator/Front Desk
Marcus & Millichap
4030 W. Boy Scout Boulevard
Suite 850
Tampa, FL 33607
(813) 387-4700 main
(813) 380-7694 mobile
(813) 387-4710 fax
crystal.marino@marcusmillichap.com


or

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


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