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| New Port Richey Apartment Portfolio, 5644 Grand Boulevard New Port Richey, FL |
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| Michael Donaldson |
NEW PORT RICHEY, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of the New Port Richey Portfolio, a 40-unit apartment
property located in New Port Richey, Florida, according to Richard D.
Matricaria, regional manager of the firm’s Tampa office.
The asset commanded
a sales price of $1,350,000 which equates to $33,750 per unit.
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| Nicholas Meoli |
Michael Donaldson and Nicholas Meoli, senior
multifamily associates in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the local seller, a fund
manager.
Meoli and Donaldson, along with Earle Hyman, a senior
vice president investments in Marcus & Millichap’s Encino office, procured
the buyer of the property, a limited liability company.
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| Earle J. Hyman |
The New Port Richey Portfolio was built in 1973 and is
located at 5644 Grand Boulevard..
For a complete
copy of the company’s news release, please contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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