LARGO, FL, Aug. 27, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Bryan Dairy Place Apartments (top left photo), a 96-unit multifamily property located in Largo, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $4,985,000.
Michael P. Regan (middle right photo) and Francesco P. Carriera (middle left photo), vice presidents investments, along with Nicholas Meoli, a multifamily specialist, all based in Marcus & Millichap’s Tampa office, represented the seller, a financial institution from Kansas. Carriera and Regan also represented the buyer, who is based out of Florida.
Bryan Dairy Place Apartments was built in 1986 and is located at 6701 Bryan Dairy Road North. The property consists entirely of two-bedroom/two-bathroom units with approximately 925 rentable square feet.
“We were able to generate multiple offers within the first several weeks of marketing and were successful in creating a competitive market for the asset” comments Regan. “The amount of activity we had confirms that investor interest in ‘B’ quality assets remains extremely strong.”
Press Contact:
Richard D. Matricaria
Regional Manager,
Tampa
(813) 387-4700
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