NEW PORT RICHEY, FLA., Nov. 15, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Cheri Court Apartments (top left photo), a 27-unit apartment building located in New Port Richey, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.
The sales price of $550,000 represents $20.00 per square foot.
Michael P. Regan (bottom right photo), an associate vice president investments, Francesco P. Carriera, a senior associate and Nicholas Meoli, a multifamily investment specialist all based in the Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company in Greenwich, Connecticut.
The listing agents also secured the Florida-based buyer of the property.
Cheri Court Apartments was built in 1974 and is located at 5432 Cheri Court.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa
(813) 387-4700
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