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| Francisco P. Carriera |
CAPE
CORAL, 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 Paradise Gardens, a 16-unit
apartment property located in Cape Coral, Fla., according to Ari Ravi, regional
manager of the firm’s Tampa office. The asset sold for $1,600,000.
Francesco
P. Carriera, Joshua Teplitzky, Michael P. Regan, Cameron S. Barbas and Benjamin
Skinner, 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
secured and represented by Benjamin Skinner, Francesco P.
Carriera, Michael P. Regan, Cameron S. Barbas and Joshua Teplitzky,
investment
specialists in Marcus & Millichap’s Tampa office.
“Paradise
Gardens offered the buyer with an opportunity to acquire a well located,
amenitized property within walking distance of Cape Coral Hospital. Ultimately,
the buyer intends to invest in property exterior enhancements to further
attract young medical professionals,” stated Mr. Skinner.
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| Joshua Teplitzky |
Paradise
Gardens is located less than one mile east
of Del Prado Boulevard, the city's major north/south corridor, experiencing an
average daily traffic count of over 39,500 vehicles per day.
Downtown Fort Myers is experiencing a rapid evolution and
expansion as the city has implemented initiatives such as the Midtown and
Downtown Redevelopment Plan, which places an emphasis on creating density, a
large diverse economy, regional tech hub, and a vibrant, urban lifestyle that
will attract large employers and young professionals alike.
Paradise Gardens is located at 801 SE
12th Ave in Cape Coral, Fla.
For more
information, please contact:
Whitney Davis
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Marketing Coordinator
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