TAMPA, FL April 7, 2008 – Realty Asset Advisors has announced the sale of Felicia Villas (top left photo below) in Tampa, Florida for $650,000.00. The sales price represents $30,952.00 per unit and $56.38 per square foot.Realty Asset Advisors’ investment advisor Tom Doyle (top right photo) represented the Seller in the transaction.
Mr. Doyle also secured the Buyer through a competitive marketing process. The Seller was Felicia Minardi, who is based in Southern California. The Buyer was North Grady Apartments, LLC, a Florida corporation.
"Felicia Villas benefits from a great Central/South Tampa location near major transportation routes and area shopping," comments Doyle, a Multifamily Specialist and Investment Advisor for Realty Asset Advisors. "With below market rents, this asset also offers an excellent value-added opportunity for the Purchaser."Built in 1972, Felicia Villas is a 21 unit, well-maintained apartment community centrally located in the Drew Park area of Hillsborough County, Tampa, Florida. Comprised of one 2 story building with solid block construction and situated on one acre, the property features a central courtyard, laundry facility, and plenty of parking. 
The property is centrally located near local parks and recreational activities including Raymond James Stadium - home of the NFL’s Tampa Bay Buccaneers and Legends Field, where the Yankees conduct Spring Training.
Realty Asset Advisors, located in Tampa, is a real estate investment brokerage company with a primary focus on the multifamily and retail (shopping center) markets of Tampa Bay and Central Florida. The firm provides a range of advisory services including Seller representation, marketing, transactional support, research services and property performance evaluations.
CONTACT:
Timothy JohnsonManaging Partner
Realty Asset Advisors LLC
1311 N. Westshore Blvd., Suite 201,
Tampa, FL 33607
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