TAMPA, FL, May 15, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Lincoln Place Apartments (top left photo) a 48-unit apartment community located in Tampa, Florida, according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.
The sales price of $2,147,500 represents $55.92 per square foot.
Casey Babb (middle right photo), a CCIM and senior multifamily specialist and Luis Baez, multifamily specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a partnership.
The buyer, a private investor, was secured and represented by Michael Donaldson (lower left photo), a senior multifamily specialist in the firm’s Tampa office.
Lincoln Place Apartments is located at 5702 North Lincoln Avenue. This is a well-maintained, Class B, garden apartment community built in 1984. The community sits on 2.10 acres and features mature landscaping and a secured entrance gate.
“Lincoln Place was sold at 98 percent of the asking price by a long-term, private owner/operator to an Arkansas-based private investor. Our dynamic platform, combined with internal agent collaboration, was instrumental in sourcing the right buyer and achieving a sales price that exceeded the seller’s expectations” comments Babb
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa
(813) 387-4700.
Lincoln place apartment is looking really affordable apartment for living and very attractive offer indeed. In this facilities really perfect for Everyone.
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