LADY LAKE, FL– Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Caleb’s Place (top left photo), a 152-unit lender-owned apartment property located in Lady Lake. The terms of the sale were not disclosed.
Jamie B. May (lower right photo), a senior director in Tampa, had the exclusive listing to market the property on behalf of the seller, a nationally recognized special servicer. The buyer, Aspen Square, was secured and represented by May.
Caleb’s Place is located at 367 Sunny Oaks Way.
Built in 2002, the property was approximately 95 percent occupied at the time of the sale.
Caleb’s Place features spacious two- and three-bedroom townhome units. Amenities include a pool, clubhouse, children’s playground, full-court basketball and a barbecue area.
IPA is a division of Marcus & Millichap Real Estate Investment Services.
Contact: Stacey Corso, Public Relations Manager, (925) 953-1716
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