SEMINOLE, FL, Sept. 18, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Seminole Village, a 56-unit multifamily property located in Seminole, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $2,650,000.
Nicholas Meoli (top right photo) investment specialist, Michael P. Regan (lower left photo) and Francesco P. Carriera, vice president investments, all in the firm’s Tampa office, represented both the seller and the buyer, private investors based in Florida.
Seminole Village is situated on 3.08 acres of land and is located at 7770 Starkey Road in Seminole, Florida. This 56-unit multifamily community was built in 1984 of concrete block construction and consists entirely of two-bedroom/one-bathroom units, with 950 to 1,120 rentable square feet. Amenities at this facility include ample on-site parking, laundry facilities and central air-conditioning.
“We generated several written offers within a 45 day marketing period,” said Meoli. “Ultimately, the buyer was an all-cash investor who closed within 25 days of an executed purchase agreement. This sale reinforces the demand for well-located “B” class assets in the Tampa Bay area.”
Press Contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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