TAMPA, FL, March 8, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Southern Oaks (top left photo), a 120 unit Apartments property located in Tampa, FL, according to Bryn D. Merrey, Vice President/Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $3,050,000.
Michael P. Regan (middle right photo) and Francesco P. Carriera (middle left photo), 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 also exclusively secured and represented by Regan and Carriera.
Southern Oaks is located at 13533 Gragston Circle. This 120-unit apartment complex is located near Bearss Avenue and Fletcher Avenue and within easy access to I-275 and I-75. It is just a short distance from the University of Southern Florida, a major national research university.
The property has on-site parking, laundry facilities and a pool and is situated on approximately 6.78 acres of land.
“We were able to devise a marketing campaign to highlight the strong points of the deal. The fact that we had multiple offers from buyers throughout the Southeast is another sign that this submarket is stabilizing” comments Regan.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa
(813) 387-4700
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