Tara Gardens Apartments, Largo, FL
LARGO, FL, May 14, 2013 – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Tara Gardens, a 22-unit apartment community
located in Largo, Florida, according to Richard D. Matricaria, regional
manager of the firm’s Tampa office. The asset commanded a sales price of
$825,000.
 |
| Michael P. Regan |
Michael P. Regan and Francesco P. Carriera,
vice president investments and Nicholas Meoli, senior investment specialist in
Marcus & Millichap’s Tampa office, had the exclusive listing to market the
property on behalf of the local seller, a private investor. The listing agents also procured the buyer
of the property, a private investor based in California.
 |
| Francesco P. Carriera |
Tara Gardens was built in 1972 and is located at 1630
Jefferson Avenue in Largo, Florida. The
property consists of a two-story building situated on approximately 0.51 acres
of land.
Tara Gardens is comprised of one and two-bedroom units that
were renovated within the last year.
Property amenities include central heat and air-conditioning, and an
on-site laundry facility.
“This buyer is from California and this is his second
acquisition in Pinellas County within the past 12 months,” Meoli said in a
statement. “There is an ongoing trend
with out-of-state investors targeting multifamily properties in the Tampa Bay
area.”
For a complete copy
of the company’s news release, please contact:
Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700
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