CLEARWATER, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 810 Belleair Road, a 16-unit apartment property located in Clearwater, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $610,000.
Nicholas Meoli (top right photo) multifamily specialist, Francesco P. Carriera (middle left photo) and Michael P. Regan, vice presidents investments 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 secured and also represented by Nicholas Meoli, Francesco P. Carriera and Michael P. Regan.
The property, at 810 Belleair Road, is located in the heart of Pinellas County just four miles east of U.S. Highway 19, the major north/south artery in the county. It is just a short drive from some of the nation’s top beaches and from the Gateway Business District.
The buildings are comprised of a mix of studio, one bedroom and two bedroom units. “This transaction indicates yet another out-of-state investor foreseeing long term appreciation and rent growth in the Tampa Bay Area” comments Meoli.
Press Contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
No comments:
Post a Comment