TAMPA, FL, April 13, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 58th Street Apartments (top left photo), a 10-unit apartment property located in Tampa, Florida, according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.
The asset commanded a sales price of $300,000.
Michael P. Regan (middle right photo), a vice president investments, Francesco P. Carriera (lower left photo), associate vice president investments and associate James Vestal (lower right photo) 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, . Carriera and Vestal.
58th Street Apartments is located at 12423 North 58th Street. The property was built in 1979 and is situated on a 1.01 acre lot.
It is comprised of five contiguous duplexes totaling 10 units. All 10 units are two-bedroom/one bath and have varying square footage based upon the individual duplex. “This transaction reflects the continued stability of the market and the high demand for apartments of non-distressed, market rate transactions” comments Vestal.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa, (813) 387-4700
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