Tampa, FL – Aug. 17, 2011 – Cushman & Wakefield’s Florida Apartment Brokerage Services today announced the sale of Doral Oaks (top left photo) for $13.7 million. The purchaser was a private investor. Executive Director Byron Moger (lower right photo) and Director Luis Elorza (lower left photo) of Cushman& Wakefield were the only brokers involved in the transaction.
Doral Oaks, built in 1967, is located at 105 Sunnyside Road in Temple Terrace, and is a 252-unit apartment community adjacent to the new Downtown of Temple Terrace, a 500,000 square foot master planned development. Totaling 267,170 square feet, the garden-style apartment community offers a mix of 1, 2 and 3 bedrooms. The property features desirable floor plans, gated access, two swimming pools and children’s play area.
“The prior owners replaced roofs, installed new air-conditioners, painted building exteriors and upgraded a large number of units. Doral Oaks is well positioned for additional investment that will continue to improve the desirability of the property,” said Mr. Elorza.
Contact:
Cara Chodash
Manager, Media Relations
Cushman & Wakefield
Ft. Lauderdale: (954) 377-0508
Miami: (305) 533-2865
Cell: (917) 957-5606
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